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JULY KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	Jul 2008	Jun 2008 to Jul 2008	Jul 2008	Jun 2008 to Jul 2008
Value of dwelling commitments(a)	$m	% change	$m	% change
Total dwellings	17 701	-2.4	18 175	0.6
Owner occupied housing	12 202	-2.6	12 474	-0.1
Investment housing - fixed loans(b)	5 500	-1.9	5 701	2.3
Number of dwelling commitments(a)	no.	% change	no.	% change
Owner occupied housing	49 353	-3.7	50 279	-0.2
Construction of dwellings	4 172	-2.2	4 136	-1.7
Purchase of new dwellings	1 684	-3.0	1 724	-3.1
Purchase of established dwellings	43 497	-3.9	44 419	0.1
(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 2.4%. Owner occupied housing commitments decreased 2.6% and investment housing commitments decreased 1.9%.
• In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions increased 0.6%. Investment housing commitments increased 2.3%, while owner occupied housing commitments decreased 0.1%.

• In trend terms, the number of commitments for owner occupied housing finance decreased 3.7%. The number of commitments for owner occupied housing finance excluding refinancing fell 3.9%.
• In trend terms, the total number of commitments for the purchase of established dwellings fell 3.9%, while the seasonally adjusted series increased 0.1%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 17.6% in June 2008 to 18.6% in July 2008.
• In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 11.7% in June 2008 to 8.8% in July 2008.