Turf QLD Industry Alert |ABS Housing Finance, Australia, Feb 2015

ABS Housing Finance, Australia, Feb 2015

FEBRUARY KEY POINTS.

VALUE OF DWELLING COMMITMENTS

February 2015 compared with January 2015:

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.8%. Owner occupied housing commitments rose 1.0% and investment housing commitments rose 0.4%.

• In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.0%.

NUMBER OF DWELLING COMMITMENTS

February 2015 compared with January 2015:

• In trend terms, the number of commitments for owner occupied housing finance rose 0.2% in February 2015.
• In trend terms, the number of commitments for the purchase of established dwellings rose 0.5%, while the number of commitments for the purchase of new dwellings fell 1.4% and the number of commitments for the construction of dwellings fell 1.1%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 13.7% in February 2015 from 13.6% in January 2015.