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JANUARY KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	Jan 2008	Dec 2007 to Jan 2008	Jan 2008	Dec 2007 to Jan 2008
Value of dwelling commitments(a)	$m	% change	$m	% change
Total dwellings	22 710	0.9	23 166	3.7
Owner occupied housing	15 775	0.8	15 928	1.7
Investment housing - fixed loans(b)	6 935	1.2	7 237	8.3
Number of dwelling commitments(a)	no.	% change	no.	% change
Owner occupied housing	66 981	1.2	67 886	2.3
Construction of dwellings	4 822	0.3	4 826	2.7
Purchase of new dwellings	2 314	-4.4	2 265	-4.9
Purchase of established dwellings	59 845	1.4	60 795	2.6
(a) Includes refinancing.
(b) Excludes revolving credit.

Value of dwelling commitments, Total dwellings

Number of dwelling commitments, Owner occupied housing

• In trend terms, total value of dwelling finance commitments excluding alterations and additions increased by 0.9%. Investment housing commitments rose 1.2% and owner occupied housing commitments increased by 0.8%.
• In seasonally adjusted terms, total value of dwelling finance commitments excluding alterations and additions increased 3.7%. Investment housing commitments increased 8.3% and owner occupied housing commitments increased 1.7%.

• In trend terms, the number of commitments for refinancing of established dwellings rose 3.3% and the seasonally adjusted series increased 6.0%.
• In trend terms, the number of commitments for owner occupied housing finance increased by 1.2% while the number of commitments for owner occupied housing finance excluding refinancing rose by 0.2%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 18.4% in December 2007 to 18.0% in January 2008.
• In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 23.4% in December 2007 to 22.3% in January 2008.