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SEPTEMBER KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	Sep 2008	Aug 2008 to Sep 2008	Sep 2008	Aug 2008 to Sep 2008
Value of dwelling commitments(a)	$m	% change	$m	% change
Total dwellings	17 238	-1.1	17 209	-1.6
Owner occupied housing	11 876	-1.2	11 891	-1.9
Investment housing - fixed loans(b)	5 362	-0.9	5 317	-1.1
Number of dwelling commitments(a)	no.	% change	no.	% change
Owner occupied housing	47 340	-1.9	47 435	-2.7
Construction of dwellings	3 906	-1.9	3 963	2.0
Purchase of new dwellings	1 643	-0.8	1 686	3.6
Purchase of established dwellings	41 791	-1.9	41 786	-3.3
(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 1.1%. Owner occupied housing commitments decreased 1.2% and investment housing commitments decreased 0.9%.
• In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions decreased 1.6%. Owner occupied housing commitments decreased 1.9% and investment housing commitments decreased 1.1%.

• In trend terms, the number of commitments for owner occupied housing finance decreased 1.9%. The number of commitments for owner occupied housing finance excluding refinancing fell 1.3%.
• In trend terms, the total number of commitments for the refinancing of established dwellings fell 3.0% and the seasonally adjusted series decreased 8.1%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 18.6% in August 2008 to 19.7% in September 2008.
• In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 4.6% in August 2008 to 3.3% in September 2008.