• Summary
• Downloads
• Explanatory Notes
• Related Information
• Past Releases

OCTOBER KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	Oct 2008	Sep 2008 to Oct 2008	Oct 2008	Sep 2008 to Oct 2008
Value of dwelling commitments(a)	$m	% change	$m	% change
Total dwellings	17 377	-0.4	17 650	1.9
Owner occupied housing	12 029	-0.3	12 262	2.4
Investment housing - fixed loans(b)	5 348	-0.8	5 388	0.7
Number of dwelling commitments(a)	no.	% change	no.	% change
Owner occupied housing	47 507	-1.0	48 299	1.3
Construction of dwellings	3 840	-1.6	3 871	-2.0
Purchase of new dwellings	1 698	0.3	1 765	3.5
Purchase of established dwellings	41 969	-1.0	42 663	1.6
(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 decreased 0.4%. Investment housing commitments decreased 0.8% and owner occupied housing commitments decreased 0.3%.
• In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions increased 1.9%. Owner occupied housing commitments increased 2.4% and investment housing commitments increased 0.7%.

• In trend terms, the number of commitments for owner occupied housing finance decreased 1.0%. The number of commitments for owner occupied housing finance excluding refinancing fell 0.3%.
• In trend terms, the total number of commitments for the refinancing of established dwellings fell 2.5%, while the seasonally adjusted series increased 3.3%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 19.7% in September 2008 to 19.5% in October 2008.
• In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 3.3% in September 2008 to 3.0% in October 2008.