NOVEMBER KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	Nov 2012	Oct 2012 to Nov 2012	Nov 2012	Oct 2012 to Nov 2012
Value of dwelling commitments(a)(b)	$m	% change	$m	% change
Total dwellings	21 249	1.0	21 464	-0.8
Owner occupied housing	13 913	0.4	13 940	0.6
Investment housing - fixed loans(c)	7 336	2.0	7 524	-3.3
Number of dwelling commitments(a)(b)	no.	% change	no.	% change
Owner occupied housing	46 464	0.4	46 199	-0.5
Construction of dwellings	4 867	-1.4	4 809	-1.8
Purchase of new dwellings	2 556	2.2	2 380	-10.3
Purchase of established dwellings	39 041	0.5	39 010	0.3
(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

NOVEMBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

November 2012 compared with October 2012:

• The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.0%. Investment housing commitments rose 2.0% and owner occupied housing commitments rose 0.4%.
• In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 0.8%.

NUMBER OF DWELLING COMMITMENTS

November 2012 compared with October 2012:

• In trend terms, the number of commitments for owner occupied housing finance rose 0.4%.
• In trend terms, the number of commitments for the purchase of new dwellings rose 2.2%, the number of commitments for the purchase of established dwellings rose 0.5%, while the number of commitments for the construction of dwellings fell 1.4%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 15.8% in November 2012 from 18.7% in October 2012.

NOTES

FORTHCOMING ISSUES

ISSUE	Release Date
December 2012	11 February 2013
January 2013	13 March 2013
February 2013	15 April 2013
March 2013	13 May 2013
April 2013	11 June 2013
May 2013	12 July 2013

CHANGES IN THIS ISSUE-SEASONAL FACTORS

Seasonally adjusted and trend estimates for housing finance have been revised as a result of the biennial reanalysis which takes account of additional data that have become available since the previous reanalysis. This reanalysis reviews the seasonal and trading day factors in more detail than is possible in the monthly processing cycle and assesses the appropriateness of any prior corrections. The next reanalysis is scheduled for the November 2014 issue.


REVISIONS

In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions have impacted on:

• Owner occupied housing for the period August 2012 to October 2012
• Housing loan outstandings to households for the period September 2011 to October 2012.

Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Tavish Shrestha on Sydney (02) 9268 4615.