9 Apr 2014
Australian home loans above expectations
FXStreet (Bali) - Investment lending for homes came at 4.4% in February vs -3.3% last month, meanwhile, the Australian home loans reading stood at +2.3% in Feb vs +2% expected and +0% last.
FEBRUARY KEY POINTS
VALUE OF DWELLING COMMITMENTS
February 2014 compared with January 2014:
The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.0%. Investment housing commitments rose 1.1% and owner occupied housing commitments rose 0.9%.
In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.9%.
NUMBER OF DWELLING COMMITMENTS
February 2014 compared with January 2014:
In trend terms, the number of commitments for owner occupied housing finance rose 0.2%.
In trend terms, the number of commitments for the purchase of new dwellings fell 1.7% while the number of commitments for the purchase of established dwellings rose 0.1% and the number of commitments for the construction of dwellings rose 1.8%.
In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 12.5% in February 2014 from 13.2% in January 2014.
FEBRUARY KEY POINTS
VALUE OF DWELLING COMMITMENTS
February 2014 compared with January 2014:
The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.0%. Investment housing commitments rose 1.1% and owner occupied housing commitments rose 0.9%.
In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.9%.
NUMBER OF DWELLING COMMITMENTS
February 2014 compared with January 2014:
In trend terms, the number of commitments for owner occupied housing finance rose 0.2%.
In trend terms, the number of commitments for the purchase of new dwellings fell 1.7% while the number of commitments for the purchase of established dwellings rose 0.1% and the number of commitments for the construction of dwellings rose 1.8%.
In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 12.5% in February 2014 from 13.2% in January 2014.