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5609.0 - Housing Finance, Australia, Feb 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 14/04/2008   
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FEBRUARY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Feb 2008
Jan 2008 to Feb 2008
Feb 2008
Jan 2008 to Feb 2008

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
22 254
-0.2
21 500
-7.1
Owner occupied housing
15 446
-0.2
14 947
-6.0
Investment housing - fixed loans(b)
6 808
-0.2
6 553
-9.5
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
65 836
0.1
63 817
-5.9
Construction of dwellings
4 815
0.0
4 843
0.6
Purchase of new dwellings
2 216
-3.8
2 261
0.3
Purchase of established dwellings
58 805
0.2
56 713
-6.6

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

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

Number of dwelling commitments, Owner occupied housing
Graph: Number of dwelling commitments, Owner occupied housing




FEBRUARY KEY POINTS


VALUE OF DWELLING COMMITMENTS

FEBRUARY 2008 COMPARED WITH JANUARY 2008:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased by 0.2%. Both investment housing commitments and owner occupied housing commitments decreased by 0.2%.
  • In seasonally adjusted terms, total value of dwelling finance commitments excluding alterations and additions decreased 7.1%. Investment housing commitments decreased 9.5% and owner occupied housing commitments decreased 6.0%.


NUMBER OF DWELLING COMMITMENTS

FEBRUARY 2008 COMPARED WITH JANUARY 2008:
  • In trend terms, the number of commitments for refinancing of established dwellings rose 2.1% and the seasonally adjusted series decreased 5.7%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 18.0% in January 2008 to 17.2% in February 2008.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments increased from 22.3% in January 2008 to 23.8% in February 2008.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
March 2008 12 May 2008
April 2008 10 June 2008
May 2008 9 July 2008
June 2008 6 August 2008
July 2008 9 September 2008
August 2008 8 October 2008



REVISIONS

Revisions were made to include the latest available administrative and survey data.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Susan Schemen on Canberra (02) 6252 5171.


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