In trend terms, the number of commitments for owner occupied housing finance fell 0.1% in November 2016. In trend terms, the number of commitments for the purchase of new dwellings rose 0.7%, the number of commitments for the construction of dwellings rose 0.2%, and the number of commitments for the purchase of established dwellings fell 0.2%. In original terms, the number of first home buyer commitments rose by 13.4% to 8,281 in November from 7,302 in October; the number of non-first home buyer commitments also rose. The number of first home buyers as a percentage of total owner occupier commitments rose from 13.7% to 13.8%.
Australian Home Loans increased by 0.9%
The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.6%. Investment housing commitments rose 1.7%, while owner occupied housing commitments was flat. In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.2%. In seasonally adjusted terms Home Loans increased by 0.9%.
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