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MAY KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	May 2009	Apr 2009 to May 2009	May 2009	Apr 2009 to May 2009
Value of dwelling commitments(a)	$m	% change	$m	% change
Total dwellings	22 467	2.9	22 678	2.3
Owner occupied housing	17 042	3.0	17 045	2.3
Investment housing - fixed loans(b)	5 426	2.8	5 633	2.4
Number of dwelling commitments(a)	no.	% change	no.	% change
Owner occupied housing	63 808	2.2	63 855	2.2
Construction of dwellings	6 157	5.4	6 334	8.0
Purchase of new dwellings	2 675	2.2	2 667	2.9
Purchase of established dwellings	54 976	1.9	54 854	1.5
(a) Includes refinancing.
(b) 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 increased 2.9%. Owner occupied housing commitments increased 3.0% and investment housing commitments increased 2.8%.
• In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions increased 2.3%. Investment housing commitments increased 2.4% and owner occupied housing commitments increased 2.3%.

• In trend terms, the number of commitments for owner occupied housing finance increased 2.2%. The number of commitments for owner occupied housing finance excluding refinancing rose 2.9%.
• In trend terms, the number of commitments for the construction of dwellings increased 5.4% and the number of commitments for the purchase of new dwellings increased 2.2%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments continued to rise, increasing from 28.6% in April 2009 to 29.5% in May 2009.
• In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments increased from 4.2% in April 2009 to 6.5% in May 2009.