AUGUST KEY FIGURES
 | Trend estimates | Seasonally adjusted estimates | |
| Aug 2008 | Jul 2008 to Aug 2008 | Aug 2008 | Jul 2008 to Aug 2008 | |
| |
| Value of dwelling commitments(a) | $m | % change | $m | % change | |
| Total dwellings | 17 458 | -1.3 | 17 513 | -3.0 | |
| Owner occupied housing | 12 028 | -1.5 | 12 123 | -2.1 | |
| Investment housing - fixed loans(b) | 5 430 | -1.0 | 5 390 | -5.0 | |
| Number of dwelling commitments(a) | no. | % change | no. | % change | |
| Owner occupied housing | 48 342 | -2.3 | 48 903 | -2.2 | |
| Construction of dwellings | 3 958 | -2.8 | 3 886 | -4.0 | |
| Purchase of new dwellings | 1 620 | -2.8 | 1 609 | -6.0 | |
| Purchase of established dwellings | 42 764 | -2.2 | 43 408 | -1.9 | |
| |
| (a) Includes refinancing. |
| (b) Excludes revolving credit. |
Value of dwelling commitments, Total dwellings
| No. of dwelling commitments, Owner occupied housing
|
AUGUST KEY POINTS
VALUE OF DWELLING COMMITMENTS
August 2008 compared with July 2008:
- In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 1.3%. Owner occupied housing commitments decreased 1.5% and investment housing commitments decreased 1.0%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions decreased 3.0%. Investment housing commitments decreased 5.0% and owner occupied housing commitments decreased 2.1%.
NUMBER OF DWELLING COMMITMENTS
August 2008 compared with July 2008:
- In trend terms, the number of commitments for owner occupied housing finance decreased 2.3%. The number of commitments for owner occupied housing finance excluding refinancing also fell 2.3%.
- In trend terms, the total number of commitments for the purchase of established dwellings fell 2.2% and the seasonally adjusted series decreased 1.9%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments remained unchanged at 18.6%.
- In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 8.8% in July 2008 to 4.6% in August 2008.
NOTES
FORTHCOMING ISSUES
| ISSUE | Release Date |
| September 2008 | 10 November 2008 |
| October 2008 | 10 December 2008 |
| November 2008 | 14 January 2009 |
| December 2008 | 11 February 2009 |
| January 2009 | 11 March 2009 |
| February 2009 | 8 April 2009 |
CHANGES IN THIS ISSUE
A Quality Declaration for this publication has been released with this month's issue on the ABS website. The Quality Declaration contains information relating to the relevance, timeliness, accuracy, coherence, interpretability and accessibility of the data in this publication. The Quality Declaration can be found on the ABS website via a link alongside the publication title or within the Explanatory Notes section for
Housing Finance Australia (cat. no. 5609.0).
REVISIONS
Revisions have been made in this month's issue to include the latest available administrative and survey data.
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Philip Beresford on Canberra (02) 6252 6052.
Quality Declaration 
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