Housing Bubble
Housing Finance, Australia, June 2017
VALUE OF DWELLING COMMITMENTS
June 2017 compared with May 2017:
The trend estimate for the total value of dwelling
finance commitments excluding alterations and additions was flat. Owner
occupied housing commitments rose 0.5% while investment housing commitments
fell 0.9%.
In seasonally adjusted terms, the total value of
dwelling finance commitments excluding alterations and additions rose 0.8%.
NUMBER OF DWELLING COMMITMENTS
June 2017 compared with May 2017:
In trend terms, the number of commitments for owner
occupied housing finance fell 0.2% in June 2017.
In trend terms, the number of commitments for the
construction of dwellings rose 1.9% and the number of commitments for the purchase
of new dwellings rose 1.3%, while the number of commitments for the purchase of
established dwellings fell 0.5%.
In original terms, the number of first home buyer
commitments as a percentage of total owner occupied housing finance commitments
rose to 15.0% in June 2017 from 14.0% in May 2017.
(Source: Australian Bureau of Statistics)
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