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Australia’s August Home-Loan Approvals: Summary

Following are Australia’s home-loan figures for August released by the Australian Bureau of Statistics in Sydney.

==========================================================================
                            Aug.   July   June    May  April  March   Feb.
                            2011   2011   2011   2011   2011   2011   2011
==========================================================================
                          ------------- Number of Loans MoM% -------------
Total homes financed        1.2%   1.9%   0.8%   2.5%   6.2%  -1.2%  -5.3%
 Construction               0.8%  -0.8%  -0.2%   4.1%   1.4%  -0.4%   1.0%
 New home purchase          6.0%  -0.7%   0.8%   1.9%  12.9%   0.5% -14.7%
 Existing home purchase     1.0%   2.3%   0.9%   2.4%   6.4%  -1.4%  -5.5%
Refinancing                 1.7%   3.2%   1.0%   6.7%  10.5%  -3.9%  -6.2%
Total ex refinancing        1.0%   1.2%   0.7%   0.5%   4.2%   0.0%  -4.9%
--------------------------------------------------------------------------
                          ------------- Value of Loans MoM% --------------
Total lending               1.0%   1.8%  -1.2%   3.1%   3.9%  -1.0%  -4.3%
 Investment lending         1.8%   1.9%  -3.9%   5.5%  -1.8%  -0.4%  -2.6%
 Owner-occupied lending     0.6%   1.8%   0.1%   2.0%   6.6%  -1.3%  -5.1%
==========================================================================
                            Aug.   July   June    May  April  March   Feb.
                            2011   2011   2011   2011   2011   2011   2011
==========================================================================
                          ------------- Value of Loans MoM% --------------
 Construction              -1.3%  -0.2%  -5.4%   9.4%   0.5%  -0.5%   1.0%
 New home purchase          5.0%   0.2%  -1.3%   2.9%  17.6%  -1.6% -17.2%
 Existing home purchase     0.6%   2.1%   0.8%   1.2%   6.7%  -1.4%  -5.0%
Refinancing                 4.2%   5.1%   1.5%   7.4%   8.3%  -1.1%  -9.1%
Total ex refinancing       -0.9%   0.4%  -0.5%   0.0%   5.9%  -1.4%  -3.5%
==========================================================================

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: Daniel Petrie in Sydney at dpetrie5@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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