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NOVEMBER KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	Nov 2009	Oct 2009 to Nov 2009	Nov 2009	Oct 2009 to Nov 2009
Value of dwelling commitments(a)(b)	$m	% change	$m	% change
Total dwellings	23 082	0.0	22 822	-1.6
Owner occupied housing	16 842	-0.4	16 537	-2.9
Investment housing - fixed loans(c)	6 239	0.8	6 284	2.1
Number of dwelling commitments(a)(b)	no.	% change	no.	% change
Owner occupied housing	61 596	-1.1	59 516	-5.6
Construction of dwellings	7 671	2.8	7 485	-6.5
Purchase of new dwellings	2 571	-1.3	2 456	-5.1
Purchase of established dwellings	51 354	-1.6	49 574	-5.4
(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

• In trend terms, the total value of dwelling finance commitments excluding alterations and additions remained flat. Investment housing commitments increased 0.8%, while owner occupied housing commitments fell 0.4%.
• In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions decreased 1.6%.

• In trend terms, the number of commitments for owner occupied housing finance decreased 1.1%.
• In trend terms, the number of commitments for the construction of dwellings increased 2.8%, while the number of commitments for the purchase of new dwellings fell 1.3%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell, decreasing from 26.0% in October 2009 to 22.1% in November 2009.
• In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 4.7% in October 2009 to 3.4% in November 2009.