Property News

Housing Finance, Australia, Oct 2006 - ABS

11 December 2006

OCTOBER KEY POINTS

TREND ESTIMATES

October 2006 COMPARED WITH September 2006:

• Total value of dwelling finance commitments excluding alterations and additions decreased by 1.0%. The value of owner occupied housing commitments decreased by 0.5%, while the value of investment housing commitments fell by 2.4%.
• The number of commitments for owner occupied housing finance fell by 0.4%, while the number excluding refinancing fell by 1.0%.

SEASONALLY ADJUSTED ESTIMATES

October 2006 COMPARED WITH September 2006:

• Total value of dwelling finance commitments excluding alterations and additions increased 0.1%. Owner occupied housing commitments rose 0.8%, while investment housing commitments fell 1.8%.
• The number of commitments for owner occupied housing finance fell by 0.1%, while the number excluding refinancing increased by 0.3%.

ORIGINAL ESTIMATES

• The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 17.4% in September 2006 to 17.7% in October 2006.
• The number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments fell from 17.6% in September 2006 to 17.0% in October 2006.

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