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OCTOBER KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	Oct 2009	Sep 2009 to Oct 2009	Oct 2009	Sep 2009 to Oct 2009
Value of dwelling commitments(a)(b)	$m	% change	$m	% change
Total dwellings	23 264	0.3	23 312	-1.4
Owner occupied housing	17 128	0.2	17 176	-1.7
Investment housing - fixed loans(c)	6 136	0.4	6 136	-0.6
Number of dwelling commitments(a)(b)	no.	% change	no.	% change
Owner occupied housing	63 921	0.0	63 865	-1.4
Construction of dwellings	7 545	3.9	8 016	9.2
Purchase of new dwellings	2 688	0.2	2 618	-3.9
Purchase of established dwellings	53 688	-0.5	53 232	-2.8
(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 increased 0.3%. Investment housing commitments increased 0.4% and owner occupied housing commitments rose 0.2%.
• In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions decreased 1.4%.

• In trend terms, the number of commitments for owner occupied housing finance remained flat.
• In trend terms, the number of commitments for the construction of dwellings increased 3.9% and the number of commitments for the purchase of new dwellings rose 0.2%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell slightly, decreasing from 26.1% in September 2009 to 26.0% in October 2009.
• In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 5.6% in September 2009 to 4.7% in October 2009.