AU: Home Loans


Thu Aug 06 20:30:00 CDT 2015

Consensus Actual Previous
M/M percent change 5.0% 4.4% -6.1%
Yr/Yr percent change 3.0% -1.9%

Highlights
June home loans for the total number of owner occupied housing commitments rebounded by a less than anticipated 4.4 percent on the month after dropping 6.1 percent in May. On the year, loans were up 3.0 percent. The seasonally adjusted series for the total value of owner occupied housing commitments rose 5.5 percent in June 2015.

The seasonally adjusted estimates rose in New South Wales, Victoria, Queensland, South Australia, Western Australia, Tasmania and Australian Capital Territory while they were down in the Northern Territory.

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.