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5609.0 - Housing Finance, Australia, Feb 2015 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 10/04/2015   
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FEBRUARY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Feb 2015
Jan 2015 to Feb 2015
Feb 2015
Jan 2015 to Feb 2015

Value of dwelling commitments(a)(b)

$m
% change
$m
% change
Total dwellings
30 671
0.8
30 399
-1.0
Owner occupied housing
18 341
1.0
18 345
0.5
Investment housing - fixed loans(c)
12 330
0.4
12 054
-3.4

Number of dwelling commitments(a)(b)

no.
% change
no.
% change
Owner occupied housing
53 504
0.2
53 614
1.2
Construction of dwellings
5 974
-1.1
5 942
0.6
Purchase of new dwellings
2 625
-1.4
2 676
5.4
Purchase of established dwellings
44 905
0.5
44 995
1.0

(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




FEBRUARY KEY POINTS


VALUE OF DWELLING COMMITMENTS

February 2015 compared with January 2015:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.8%. Owner occupied housing commitments rose 1.0% and investment housing commitments rose 0.4%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.0%.


NUMBER OF DWELLING COMMITMENTS

February 2015 compared with January 2015:
  • In trend terms, the number of commitments for owner occupied housing finance rose 0.2% in February 2015.
  • In trend terms, the number of commitments for the purchase of established dwellings rose 0.5%, while the number of commitments for the purchase of new dwellings fell 1.4% and the number of commitments for the construction of dwellings fell 1.1%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 13.7% in February 2015 from 13.6% in January 2015.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
March 2015 12 May 2015
April 2015 9 June 2015
May 2015 10 July 2015
June 2015 7 August 2015
July 2015 9 September 2015
August 2015 9 October 2015



REVISIONS

In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data, and modelled first home buyer estimates. These revisions have impacted on:
  • First home buyers owner occupied housing for periods January 2014 to January 2015
  • Owner occupied housing for periods January 2014 to January 2015
  • Housing loan outstandings to households for owner occupation and investment housing series for the period of August 2014
  • Investment housing for the periods January 2014 to January 2015


FIRST HOME BUYERS

Information relating to changes to the method of estimating loans to first home buyers, introduced from the December 2014 issue can be found under the Other Changes web page and on Page 5 of the PDF. Monthly First Home Buyer Statistics are likely to be subject to future revision, as the modelled component is adjusted to reflect improved reporting by lenders.


COVERAGE

Information relating to changes to coverage implemented in this February 2015 issue can be found under the Other Changes web page and on Page 5 of the PDF.


PRIVACY

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INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.


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Commonwealth of Australia 2015

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