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5609.0 - Housing Finance, Australia, Mar 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/05/2010   
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MARCH KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Mar 2010
Feb 2010 to Mar 2010
Mar 2010
Feb 2010 to Mar 2010

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
20 274
-2.2
20 177
-1.4
Owner occupied housing
13 698
-3.7
13 534
-3.4
Investment housing - fixed loans(c)
6 576
1.1
6 644
3.0
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
48 220
-4.1
48 260
-3.4
Construction of dwellings
6 082
-4.6
5 848
-7.3
Purchase of new dwellings
2 099
-3.2
2 095
-3.2
Purchase of established dwellings
40 039
-4.0
40 317
-2.9

(a) Includes refinancing (see Glossary).
(b) Excludes alterations and additions.
(c) 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




MARCH KEY POINTS


VALUE OF DWELLING COMMITMENTS

March 2010 compared with February 2010:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 2.2%. Owner occupied housing commitments fell 3.7%, while investment housing commitments increased 1.1%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions decreased 1.4%.


NUMBER OF DWELLING COMMITMENTS

March 2010 compared with February 2010:
  • In trend terms, the number of commitments for owner occupied housing finance decreased 4.1%.
  • In trend terms, the number of commitments for the construction of dwellings decreased 4.6%, the number of commitments for the purchase of established dwellings fell 4.0% and the number of commitments for the purchase of new dwellings fell 3.2%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 18.1% in February 2010 to 16.1% in March 2010.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
April 2010 9 June 2010
May 2010 12 July 2010
June 2010 9 August 2010
July 2010 8 September 2010
August 2010 11 October 2010
September 2010 10 November 2010



REVISIONS

In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions impact on owner occupied housing for February 2010.

Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Joe Whelan on Canberra (02) 6252 5747.


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