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5609.0 - Housing Finance, Australia, Aug 2009 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/10/2009   
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AUGUST KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Aug 2009
Jul 2009 to Aug 2009
Aug 2009
Jul 2009 to Aug 2009

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
23 115
0.2
22 782
0.7
Owner occupied housing
16 965
-0.2
16 543
-1.7
Investment housing - fixed loans(b)
6 149
1.4
6 239
7.6
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
63 820
-0.1
62 718
-0.6
Construction of dwellings
6 615
1.8
6 614
4.6
Purchase of new dwellings
2 707
0.6
2 760
4.9
Purchase of established dwellings
54 499
-0.4
53 344
-1.5

(a) Includes refinancing (see Glossary).
(b) Excludes revolving credit.

Value of dwelling commitments, Total dwellings
Graph: Value of dwelling commitments, Total dwellings

No. of dwelling commitments, Owner occupied housing
Graph: No. of dwelling commitments, Owner occupied housing




AUGUST KEY POINTS


VALUE OF DWELLING COMMITMENTS

August 2009 compared with July 2009:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions increased 0.2%. Investment housing commitments increased 1.4%, while owner occupied housing commitments decreased 0.2%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions increased 0.7%. An increase was recorded in investment housing commitments, up 7.6%, while owner occupied housing commitments fell 1.7%.


NUMBER OF DWELLING COMMITMENTS

August 2009 compared with July 2009:
  • In trend terms, the number of commitments for owner occupied housing finance decreased 0.1%.
  • In trend terms, the number of commitments for the purchase of established dwellings fell 0.4%, while the number of commitments for the construction of dwellings rose 1.8%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell, decreasing from 25.3% in July 2009 to 24.7% in August 2009.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 7.2% in July 2009 to 6.3% in August 2009.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
September 2009 9 November 2009
October 2009 9 December 2009
November 2009 12 January 2010
December 2009 10 February 2010
January 2010 10 March 2010
February 2010 12 April 2010



REVISIONS

Revisions were made to the original series from May 2009 to July 2009. Seasonally adjusted and trend series have been revised as a result of revisions to the original series and the incorporation of estimates for the latest month.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Philip Beresford on Canberra (02) 6252 6052.


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