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MAY KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	May 2012	Apr 2012 to May 2012	May 2012	Apr 2012 to May 2012
Value of dwelling commitments(a)(b)	$m	% change	$m	% change
Total dwellings	20 245	-0.5	20 193	-1.4
Owner occupied housing	13 529	-0.3	13 637	0.2
Investment housing - fixed loans(c)	6 716	-0.7	6 557	-4.6
Number of dwelling commitments(a)(b)	no.	% change	no.	% change
Owner occupied housing	46 207	-0.5	46 120	-1.2
Construction of dwellings	5 172	0.3	5 122	-0.3
Purchase of new dwellings	1 986	0.8	1 980	-7.3
Purchase of established dwellings	39 049	-0.6	39 018	-1.0
(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

• The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.5%. Investment housing commitments fell 0.7% and owner occupied housing commitments fell 0.3%.
• In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.4%.

• In trend terms, the number of commitments for owner occupied housing finance fell 0.5%.
• In trend terms, the number of commitments for the purchase of established dwellings fell 0.6%, while the number of commitments for the purchase of new dwellings rose 0.8% and the number of commitments for the construction of dwellings rose 0.3%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 17.8% in May 2012 from 16.8% in April 2012.

• Investment housing for February 2012
• Housing loan outstandings to households for the period June 2011 to April 2012.