The ABS published their housing finance data today for November 2014. Comparing October to November, the trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.6%. Investment housing commitments rose 0.9% and owner occupied housing commitments rose 0.5%.
However, in seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.0%.
In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 11.6% in November 2014 from 11.4% in October 2014.
In trend terms, the number of commitments for owner occupied housing finance was flat in November 2014. In trend terms, the number of commitments for the purchase of established dwellings was flat and the number of commitments for the construction of dwellings rose 0.2%, while the number of commitments for the purchase of new dwellings fell 0.5%.
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