Housing Slump Australia

Housing Finance, Australia, September 2017

www.first2move.com.au

September 2017 compared with August 2017:

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.1%. Owner occupied housing commitments rose 0.2% while investment housing commitments fell 0.5%.

In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 3.6%.

NUMBER OF DWELLING COMMITMENTS

September 2017 compared with August 2017:

In trend terms, the number of commitments for owner occupied housing finance rose 0.7% in September 2017.

In trend terms, the number of commitments for the purchase of new dwellings rose 1.4%, the number of commitments for the purchase of established dwellings rose 0.7% and the number of commitments for the construction of dwellings rose 0.4%.

In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 17.4% in September 2017 from 17.2% in August 2017. The number of first home buyer commitments decreased 6.3% to 9,627 in September; the number of non-first home buyer commitments decreased 8.0%.

(Source: Australian Bureau of Statistics )