Economic Calendar

Wednesday, January 14, 2009

Australia’s November Home-Loan Approvals: Summary (Table)

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By Marco Babic

Jan. 14 (Bloomberg) -- Following are Australia’s home-loan figures for November released by the Australian Bureau of Statistics in Sydney.


==========================================================================
Nov. Oct. Sept. Aug. July June May
2008 2008 2008 2008 2008 2008 2008
==========================================================================
------------- Number of Loans MoM% -------------
Total homes financed 1.3% 1.4% -2.0% -1.8% -1.9% -2.5% -6.7%
Construction -0.3% -1.9% 1.1% -4.1% -3.1% -3.0% -5.6%
New home purchase 9.8% 4.5% 5.0% -5.1% -3.0% 6.6% -13.7%
Existing home purchase 1.1% 1.6% -2.5% -1.5% -1.7% -2.8% -6.5%
Refinancing 1.1% 2.9% -7.3% -3.6% -2.1% -2.2% -7.0%
Total ex refinancing 1.4% 0.7% 0.6% -0.9% -1.7% -2.7% -6.5%
--------------------------------------------------------------------------
------------- Value of Loans MoM% --------------
Total lending -0.9% 2.0% -0.7% -3.3% 0.4% -0.9% -5.6%
Investment lending -6.1% 1.0% -0.1% -6.5% 3.3% -1.1% -6.1%
Owner-occupied lending 1.4% 2.4% -1.0% -1.9% -0.9% -0.8% -5.4%
==========================================================================
Nov. Oct. Sept. Aug. July June May
2008 2008 2008 2008 2008 2008 2008
==========================================================================
------------- Value of Loans MoM% --------------
Construction -1.0% 0.2% 1.0% -3.7% -3.8% -3.0% -6.4%
New home purchase 13.9% 3.1% 10.4% -8.0% -8.0% 15.6% -9.8%
Existing home purchase 1.0% 2.5% -1.6% -1.4% -0.3% -1.2% -5.1%
Refinancing 1.1% 6.6% -7.5% -2.8% 0.3% -2.0% -4.0%
Total ex refinancing 1.5% 0.8% 1.7% -1.5% -1.4% -0.2% -6.0%
==========================================================================

Note: Figures are seasonally adjusted. Percent changes for investment loans are calculated by Bloomberg News.

Source: Australian Bureau of Statistics.

To contact the reporter on this story: Marco Babic in Singapore at mbabic@bloomberg.net




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