|M/M percent change||-2.0%||-1.0%||1.7%|
In May, the number of dwelling commitments of owner occupied housing declined a less than expected 1.0 percent on the month. Expectations were for an drop of 2.0 percent. From a year ago, owner occupied commitments were up 11.4 percent. The total value of dwelling finance commitments excluding alterations and additions was up 1.0 percent. For owner occupied housing commitments the value was down 0.6 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.