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Australian Bureau of Statistics
MAY KEY POINTS
Victor P Taffa
VALUE OF DWELLING COMMITMENTS
May 2010 compared with April 2010:
- In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 0.5%. Owner occupied housing commitments fell 1.4%, while investment housing commitments increased 1.0%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions increased 0.7%.
NUMBER OF DWELLING COMMITMENTS
May 2010 compared with April 2010:
- In trend terms, the number of commitments for owner occupied housing finance decreased 1.2%.
- In trend terms, the number of commitments for the construction of dwellings decreased 3.7% and the number of commitments for the purchase of established dwellings fell 1.0%, while the number of commitments for the purchase of new dwellings increased 0.9%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 16.3% in April 2010 to 16.1% in May 2010.
MAY KEY FIGURES
|
Trend estimates |
Seasonally adjusted estimates |
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|
May 2010 |
Apr 2010 to May 2010 |
May 2010 |
Apr 2010 to May 2010 |
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| Value of dwelling commitments(a)(b) |
$m |
% change |
$m |
% change |
| Total dwellings |
20 989 |
-0.5 |
21 360 |
0.7 |
| Owner occupied housing |
13 427 |
-1.4 |
13 698 |
-0.3 |
| Investment housing – fixed loans(c) |
7 562 |
1.0 |
7 662 |
2.6 |
| Number of dwelling commitments(a)(b) |
no. |
% change |
no. |
% change |
| Owner occupied housing |
47 395 |
-1.2 |
48 818 |
1.9 |
| Construction of dwellings |
5 387 |
-3.7 |
5 391 |
-2.2 |
| Purchase of new dwellings |
2 240 |
0.9 |
2 372 |
4.7 |
| Purchase of established dwellings |
39 768 |
-1.0 |
41 055 |
2.3 |
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| (a) Includes refinancing (see Glossary). | ||||
| (b) Excludes alterations and additions. | ||||
| (c) Excludes revolving credit. | ||||