AU: Home Loans


Tue Aug 09 20:30:00 CDT 2016

Consensus Actual Previous
M/M percent change 2.8% 1.2% -1.0%
Yr/Yr percent change 6.7%

Highlights
In June, the number of dwelling commitments of owner occupied housing was up a less than anticipated 1.2 percent expectations were for an increase of 2.8 percent. From a year ago, commitments were up 6.7 percent. The total value of dwelling commitments excluding alterations and additions rose 2.3 percent. The total value of owner occupied housing commitments rose 1.8 percent. Total value of investment housing commitments rose 3.2 percent.

Definition
Home Loans data are included in the monthly housing finance report. The report also contains data for home loans 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.