In Business

Australian Bureau Of Statistics

The Australian Bureau Of Statistics has released Owner Occupied Housing Finance statistics for May 2010.

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

May 2010

Apr 2010 to May 2010

May 2010

Apr 2010 to May 2010


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


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