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DECEMBER KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	Dec 2007	Nov 2007 to Dec 2007	Dec 2007	Nov 2007 to Dec 2007
Value of dwelling commitments(a)	$m	% change	$m	% change
Total dwellings	22 042	-0.2	22 130	-0.6
Owner occupied housing	15 458	0.4	15 554	0.5
Investment housing - fixed loans(b)	6 584	-1.8	6 576	-3.0
Number of dwelling commitments(a)	no.	% change	no.	% change
Owner occupied housing	64 928	0.6	65 645	0.1
Construction of dwellings	4 768	0.2	4 675	-2.1
Purchase of new dwellings	2 475	-4.3	2 389	-3.8
Purchase of established dwellings	57 685	0.8	58 581	0.5
(a) Includes refinancing.
(b) Excludes revolving credit.

Value of dwelling commitments, Total dwellings

Number of dwelling commitments, Owner occupied housing

DECEMBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

December 2007 COMPARED WITH November 2007:

• In trend terms, total value of dwelling finance commitments excluding alterations and additions decreased by 0.2%. Investment housing commitments continue to fall, decreasing 1.8%, while Owner occupied housing commitments increased by 0.4%.
• In seasonally adjusted terms, total value of dwelling finance commitments excluding alterations and additions decreased 0.6%. Investment housing commitments decreased 3.0%, while Owner occupied housing commitments increased 0.5%.

• In trend terms, the number of commitments for refinancing of established dwellings rose 2.1% and the seasonally adjusted series increased 5.5%.
• In trend terms, the number of commitments for owner occupied housing finance increased by 0.6% while the number of commitments for owner occupied housing finance excluding refinancing fell by 0.1%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 18.2% in November 2007 to 18.4% in December 2007.
• In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments remained at a high level, decreasing from a recent peak of 24.0% in November 2007 to 23.5% in December 2007.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Michael Abbondante on Canberra (02) 6252 6707.