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MAY KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	May 2017	Apr 2017 to May 2017	May 2017	Apr 2017 to May 2017
Value of dwelling commitments(a)(b)
	$m	% change	$m	% change
Total dwellings	32 848	-0.3	33 032	1.3
Owner occupied housing	20 423	0.4	20 717	2.9
Investment housing - fixed loans(c)	12 425	-1.5	12 315	-1.4
Number of dwelling commitments(a)(b)
	no.	% change	no.	% change
Owner occupied housing	53 974	-0.4	54 061	1.0
Construction of dwellings	5 911	1.0	6 024	2.4
Purchase of new dwellings	2 823	0.4	2 886	3.7
Purchase of established dwellings	45 240	-0.6	45 152	0.7
(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

• The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.3%. Owner occupied housing commitments rose 0.4%, while investment housing commitments fell 1.5%.
• In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.3%.

• In trend terms, the number of commitments for owner occupied housing finance fell 0.4% in May 2017.
• In trend terms, while the number of commitments for the construction of dwellings rose 1.0% and the number of commitments for the purchase of new dwellings rose 0.4%, the number of commitments for the purchase of established dwellings fell 0.6%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 14.0% in May 2017 from 13.8% in April 2017.

• Owner occupied housing for the periods March 2017 and April 2017
• Housing loan outstandings to households for owner occupation series for the periods June 2016 to November 2016.