MAY KEY FIGURES
 | Trend estimates | Seasonally adjusted estimates |
| May 2010 | Apr 2010 to May 2010 | May 2010 | Apr 2010 to May 2010 |
|
| Value of dwelling commitments(a)(b) | $m | % change | $m | % change |
| Total dwellings | 20 989 | -0.5 | 21 360 | 0.7 |
| Owner occupied housing | 13 427 | -1.4 | 13 698 | -0.3 |
| Investment housing - fixed loans(c) | 7 562 | 1.0 | 7 662 | 2.6 |
| Number of dwelling commitments(a)(b) | no. | % change | no. | % change |
| Owner occupied housing | 47 395 | -1.2 | 48 818 | 1.9 |
| Construction of dwellings | 5 387 | -3.7 | 5 391 | -2.2 |
| Purchase of new dwellings | 2 240 | 0.9 | 2 372 | 4.7 |
| Purchase of established dwellings | 39 768 | -1.0 | 41 055 | 2.3 |
|
| (a) Includes refinancing (see Glossary). |
| (b) Excludes alterations and additions. |
| (c) Excludes revolving credit. |
Value of dwelling commitments, Total dwellings
| No. of dwelling commitments, Owner occupied housing
|
MAY KEY POINTS
VALUE OF DWELLING COMMITMENTS
May 2010 compared with April 2010:
- In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 0.5%. Owner occupied housing commitments fell 1.4%, while investment housing commitments increased 1.0%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions increased 0.7%.
NUMBER OF DWELLING COMMITMENTS
May 2010 compared with April 2010:
- In trend terms, the number of commitments for owner occupied housing finance decreased 1.2%.
- In trend terms, the number of commitments for the construction of dwellings decreased 3.7% and the number of commitments for the purchase of established dwellings fell 1.0%, while the number of commitments for the purchase of new dwellings increased 0.9%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 16.3% in April 2010 to 16.1% in May 2010.
NOTES
FORTHCOMING ISSUES
| ISSUE | Release Date |
| June 2010 | 9 August 2010 |
| July 2010 | 8 September 2010 |
| August 2010 | 11 October 2010 |
| September 2010 | 10 November 2010 |
| October 2010 | 8 December 2010 |
| November 2010 | 12 January 2011 |
REVISIONS
In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions impact on:
- Investment housing for the periods March 2010 and April 2010; and
- Housing loan outstandings to households for the period November 2009 to April 2010.
Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Wolfgang Hertel on Canberra (02) 6252 7883.
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