Australian Home Loans rose by 0.5%

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Wednesday, Aug 09 2017

Australian Home Loans rose by 0.5%

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%.

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.

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