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AUGUST KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	Aug 2007	Jul 2007 to Aug 2007	Aug 2007	Jul 2007 to Aug 2007
Value of dwelling commitments(a)	$m	% change	$m	% change
Total dwellings	22 917	0.4	22 190	-0.3
Owner occupied housing	15 570	0.2	15 315	1.7
Investment housing - fixed loans(b)	7 346	0.7	6 875	-4.5
Number of dwelling commitments(a)	no.	% change	no.	% change
Owner occupied housing	64 684	-0.4	64 365	1.6
Construction of dwellings	4 582	0.3	4 618	2.7
Purchase of new dwellings	3 118	0.8	3 081	-0.2
Purchase of established dwellings	56 984	-0.6	56 666	1.6
(a) Includes refinancing.
(b) Excludes revolving credit.

Value of dwellings commitments, Total dwellings

Number of dwelling commitments, Owner occupied housing

AUGUST KEY POINTS


TREND ESTIMATES

August 2007 COMPARED WITH July 2007:

• Total value of dwelling finance commitments excluding alterations and additions increased by 0.4%. The value of owner occupied housing commitments increased by 0.2%, while the value of investment housing commitments increased by 0.7%.
• The number of commitments for owner occupied housing finance decreased by 0.4% and the number excluding refinancing decreased by 0.1%.

• Total value of dwelling finance commitments excluding alterations and additions decreased 0.3%. Owner occupied housing commitments increased 1.7%, while investment housing commitments decreased 4.5%.
• The number of commitments for owner occupied housing finance increased by 1.6% and the number excluding refinancing increased by 0.6%.

• The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 17.4% in July 2007 to 17.1% in August 2007.
• The number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments increased from 14.8% in July 2007 to 17.1% in August 2007.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Michael Abbondante on Canberra (02) 6252 6707.