|M/M percent change||5.0%||2.9%||0.3%|
|Yr/Yr percent change||8.8%||3.9%|
August number of owner occupied dwelling was up a much less than anticipated 2.9 percent expectations were for a jump of 5.0 percent on the month. The total value of dwelling commitments excluding alterations and additions were up 3.5 percent. The seasonally adjusted series for the total value of owner occupied housing commitments rose 6.1 percent in August 2015. The total value of investment housing commitments was down 0.4 percent.
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.
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.
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