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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed (Tables 1 & 2) The number of owner occupied housing commitments (trend) fell (down 243, 0.5%) in February 2013, following a fall of 0.5% in January. Falls were recorded in commitments for the purchase of established dwellings excluding refinancing (down 162, 0.7%), commitments for the refinancing of established dwellings (down 89, 0.6%) and commitments for the purchase of new dwellings (down 17, 0.7%), while a rise was recorded in commitments for the construction of dwellings (up 27, 0.5%). The seasonally adjusted estimate for the total number of owner occupied housing commitments rose (up 876, 2.0%) in February 2013. Number of Owner Occupied Dwellings Financed - State (Tables 5 & 6) Between February 2013 and January 2013, the number of owner occupied housing commitments (trend) fell in New South Wales (down 114, 0.9%), Queensland (down 47, 0.5%), Tasmania (down 15, 2.1%), the Australian Capital Territory (down 2, 0.2%) and the Northern Territory (down 1, 0.2%), while rises were recorded in Western Australia (up 26, 0.4%), Victoria (up 9, 0.1%) and South Australia (up 2, 0.1%). The seasonally adjusted estimates rose in Queensland (up 334, 4.0%), New South Wales (up 275, 2.2%), Victoria (up 207, 1.7%), Western Australia (up 143, 2.1%) and the Australian Capital Territory (up 129, 20.3%), while falls were recorded in South Australia (down 88, 2.9%) and the Northern Territory (down 78, 18.3%). Tasmania was flat. First Home Buyer Commitments (Table 9) In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 14.4% in February 2013 from 15.0% in January 2013. Between February 2013 and January 2013, the average loan size for first home buyers fell $5,400 to $291,300. The average loan size for all owner occupied housing commitments fell $8,500 to $298,500 for the same period. Number of Owner Occupied Dwellings Financed Excluding Refinancing (Tables 1 & 2) The number of owner occupied housing commitments excluding refinancing (trend) fell 0.5% in February 2013, following a fall of 0.5% in January 2013. The seasonally adjusted series rose 2.0% in February 2013, after a fall of 0.2% in January 2013. PURPOSE OF FINANCE (OWNER OCCUPATION) Construction of dwellings (Tables 1 & 2) The number of finance commitments for the construction of dwellings for owner occupation (trend) rose 0.5% in February 2013, following a rise of 0.4% in January 2013. The seasonally adjusted series rose 1.5% in February 2013, following a rise of 0.3% in January 2013. Purchase of new dwellings (Tables 1 & 2) The number of finance commitments for the purchase of new dwellings for owner occupation (trend) fell 0.7% in February 2013, after being flat in January 2013. This is the first fall in thirteen months. The seasonally adjusted series rose 0.6% in February 2013, following a rise of 2.4% in January 2013. Purchase of established dwellings (including refinancing across lending institutions) (Tables 1 & 2) The number of finance commitments for the purchase of established dwellings for owner occupation (trend) fell 0.7% in February 2013, following a fall of 0.7% in January 2013. The seasonally adjusted series rose 2.1% in February 2013, after a fall of 0.6% in January 2013. Refinancing (Tables 1 & 2) The number of refinancing commitments for owner occupied housing (trend) fell 0.6% in February 2013, following a fall of 0.7% in January 2013. The seasonally adjusted series rose 2.0% in February 2013, after a fall of 0.5% in January 2013. TYPE OF LENDER (OWNER OCCUPATION) Banks (Tables 3 & 4) The number of commitments for owner occupied dwellings financed by banks (trend) fell 0.6% in February 2013, following a fall of 0.6% in January 2013. The seasonally adjusted series rose 2.1% in February 2013, after a fall of 0.6% in January 2013. Non-banks (Tables 3 & 4) The number of commitments for owner occupied dwellings financed by non-banks (trend) was flat in February 2013, after a fall of 0.2% in January 2013. The seasonally adjusted series rose 0.8% in February 2013, following a rise of 3.5% in January 2013. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) rose 2.6% in February 2013, following a rise of 1.7% in January 2013. The seasonally adjusted series rose 25.3% in February 2013, after a fall of 0.6% in January 2013. HOUSING LOAN OUTSTANDINGS (Table 12) At the end of February 2013, the value of outstanding housing loans financed by authorised deposit-taking institutions (ADIs) was $1,196,621m, up $4,610m (0.4%) from the January 2013 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $2,715m (0.3%) to $807,887m and investment housing loan outstandings financed by ADIs rose $1,895m (0.5%) to $388,734m. Bank housing loan outstandings rose $4,408m (0.4%) during February 2013 to reach a closing balance of $1,146,198m. Owner occupied housing loan outstandings of banks rose $2,564m (0.3%) to $767,334m and investment housing loan outstandings of banks rose $1,844m (0.5%) to $378,864m. 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