Refinance data from the Australian Bureau of Statistics indicates that purchasing of established dwellings and refinancing of established dwellings is exceeding both construction of dwellings and purchase of new dwellings in Australia.

While refinancing of established dwellings data has only been recorded since the early 1990's the trend line is often very similar to the trend line for purchasing new dwellings.

On average there are 4939 dwellings constructed each month, 2021 new dwellings are purchased each month and 29,232 established dwellings are purchased each month*.

*Source ABS data Oct 1975 to Feb 2009

On average 11341 established dwellings are refinanced each month in Australia**.

** Source ABS data July 1991 to February 2009

Detailed information and the scource of data used in the above was obtained from the ABS website. An article titled Impact of Refinancing on Housing Finance Statistics describes the main categories of housing finance and the impact of housing refinance on these other areas.

Please contact a finance broker with your home loan refinance information so we can assess the options that may be most competetive for you.