AU: Home Loans


Tue Feb 10 18:30:00 CST 2015

Consensus Actual Previous
M/M percent change 2.3% 2.7% -0.7%
Yr/Yr percent change 4.5% -0.8%

Highlights
The December number of owner occupied home loans improved to a monthly gain of 2.7 percent after slipping 0.4 percent in November. Analysts expected a 2.3 percent increase. For the year, home loans were up 4.5 percent after sinking 0.7 percent the month before. First home buyer commitments were up 14.5 percent after increasing 14.6 percent in November.

December owner occupied housing loan values increased 3.8 percent on the month while fixed investment housing loan value added 6.0 percent.

Definition
Contain data for secured and unsecured housing finance commitments for owner occupation, commitments for construction or purchase of dwellings for rent or resale, and loans outstanding to individuals/households for housing.

Description
The health of the housing market is always a key element in evaluating the strength of the economy. And it is no different for Australia. The data released here are for secured and unsecured housing finance commitments for owner occupation, commitments for construction or purchase of dwellings for rent or resale, and loan outstanding to individuals/households for housing.

For secured housing finance for owner occupation, these data give the number and value of commitments made by banks, permanent building societies, wholesale lenders not elsewhere classified and other lenders, provided to individuals/households. These commitments are classified by construction of dwellings, the purchase of new and established dwellings, the refinancing of existing dwellings and alterations and additions to dwellings.