AU: Home Loans


Tue Mar 10 19:30:00 CDT 2015

Consensus Actual Previous
M/M percent change -3.0% -3.5% 2.7%
Yr/Yr percent change -0.2% 4.5%

Highlights
Australia's housing finance for owner occupied housing was down 3.5 percent. For the year, they were down 0.2 percent from a year ago. First home buyer commitments were up 14.2 percent in January after climbing 14.3 percent in December. The loan value of owner occupied housing slipped 0.1 percent on the month as did fixed investment housing.

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.