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MAY KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	May 2007	Apr 2007 to May 2007		May 2007	Apr 2007 to May 2007
Value of dwelling commitments(a)	$m	% change		$m	% change
Total dwellings	21 858	1.4		22 139	2.7
Owner occupied housing	15 150	1.3		15 211	0.2
Investment housing - fixed loans(b)	6 708	1.7		6 927	8.9
Number of dwelling commitments(a)	no.	% change		no.	% change
Owner occupied housing	65 784	0.8		66 040	0.1
Construction of dwellings	4 512	-0.4		4 486	-0.7
Purchase of new dwellings	2 978	1.5		2 985	2.8
Purchase of established dwellings	58 294	0.9		58 569	-
- nil or rounded to zero (including null cells)
(a) Includes refinancing.
(b) Excludes revolving credit.

Value of dwelling commitments, Total dwellings

Number of dwelling commitments, Owner occupied housing

MAY KEY POINTS


TREND ESTIMATES

May 2007 COMPARED WITH April 2007:

• Total value of dwelling finance commitments excluding alterations and additions increased by 1.4%. The value of owner occupied housing commitments increased by 1.3%, while the value of investment housing commitments increased by 1.7%.
• The number of commitments for owner occupied housing finance increased by 0.8%, while the number excluding refinancing increased by 1.3%.

• Total value of dwelling finance commitments excluding alterations and additions increased 2.7%. Owner occupied housing commitments increased 0.2%, and investment housing commitments increased 8.9 %.
• The number of commitments for owner occupied housing finance increased by 0.1%, and the number excluding refinancing increased by 1.4%.

• The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 17.2% in April 2007 to 16.6% in May 2007.
• The number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 20.0% in April 2007 to 17.4% in May 2007.
  
  NOTES
  
  FORTHCOMING ISSUES

  ISSUE	Release Date
  June 2007	8 August 2007
  July 2007	7 September 2007
  August 2007	10 October 2007
  September 2007	7 November 2007
  October 2007	10 December 2007
  November 2007	16 January 2008

REVISIONS

Revisions were made 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 Michael Abbondante on Canberra (02) 6252 6707.