 | Trend estimates | Seasonally adjusted estimates | ||
| Jun 2018 | May 2018 to Jun 2018 | Jun 2018 | May 2018 to Jun 2018 |
| Value of dwelling commitments(a)(b) | ||||
| $m | % change | $m | % change |
| Total dwellings | 31 349 | -0.7 | 31 228 | -1.6 |
| Owner occupied housing | 20 917 | -0.2 | 20 846 | -1.0 |
| Investment housing - fixed loans(c) | 10 432 | -1.8 | 10 382 | -2.7 |
| Number of dwelling commitments(a)(b) | ||||
| no. | % change | no. | % change |
| Owner occupied housing | 52 137 | -0.5 | 52 181 | -1.1 |
| Construction of dwellings | 5 671 | -0.4 | 5 853 | 2.5 |
| Purchase of new dwellings | 2 798 | -1.1 | 2 717 | -4.9 |
| Purchase of established dwellings | 43 668 | -0.4 | 43 610 | -1.3 |
| (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 |
VALUE OF DWELLING COMMITMENTS
June 2018 compared with May 2018:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.7%. Owner occupied housing commitments fell 0.2% and investment housing commitments fell 1.8%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.6%.
NUMBER OF DWELLING COMMITMENTS
June 2018 compared with May 2018:
- In trend terms, the number of commitments for owner occupied housing finance fell 0.5% in June 2018.
- In trend terms, the number of commitments for the purchase of new dwellings fell 1.1%, the number of commitments for the purchase of established dwellings fell 0.4% and the number of commitments for the construction of dwellings fell 0.4%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 18.1% in June 2018 from 17.6% in May 2018.
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