11 Jul 2014
Australian home loans flat in May
FXStreet (Bali) - Australian home loans for May came at 0% vs -1% exp and 0% prior, while investment lending for homes stood at -0.9% vs 2.3% last.
Key facts
VALUE OF DWELLING COMMITMENTS
May 2014 compared with April 2014: The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.2%. Investment housing commitments rose 0.3% and owner occupied housing commitments rose 0.2%. In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 0.8%.
NUMBER OF DWELLING COMMITMENTS
May 2014 compared with April 2014: In trend terms, the number of commitments for owner occupied housing finance rose 0.1%. In trend terms, the number of commitments for the construction of dwellings rose 0.5% and the number of commitments for the purchase of established dwellings rose 0.1%, while the number of commitments for the purchase of new dwellings fell 0.2%. In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 12.6% in May 2014 from 12.3% in April 2014.
Key facts
VALUE OF DWELLING COMMITMENTS
May 2014 compared with April 2014: The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.2%. Investment housing commitments rose 0.3% and owner occupied housing commitments rose 0.2%. In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 0.8%.
NUMBER OF DWELLING COMMITMENTS
May 2014 compared with April 2014: In trend terms, the number of commitments for owner occupied housing finance rose 0.1%. In trend terms, the number of commitments for the construction of dwellings rose 0.5% and the number of commitments for the purchase of established dwellings rose 0.1%, while the number of commitments for the purchase of new dwellings fell 0.2%. In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 12.6% in May 2014 from 12.3% in April 2014.