• Australian investment housing commitments rose 1.7%

Market news

17 January 2017

Australian investment housing commitments rose 1.7%

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.6%. Investment housing commitments rose 1.7%, while owner occupied housing commitments was flat.

In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.2%.

In trend terms, the number of commitments for owner occupied housing finance fell 0.1% in November 2016.

In trend terms, the number of commitments for the purchase of new dwellings rose 0.7%, the number of commitments for the construction of dwellings rose 0.2%, and the number of commitments for the purchase of established dwellings fell 0.2%.

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