JULY KEY FIGURES
 |
Trend estimates | Seasonally adjusted estimates | ||
|
Jul 2018 | Jun 2018 to Jul 2018 | Jul 2018 | Jun 2018 to Jul 2018 |
| Value of dwelling commitments(a)(b) | ||||
|
$m | % change | $m | % change |
| Total dwellings | 31 249 | -0.6 | 31 431 | 0.4 |
| Owner occupied housing | 21 028 | 0.0 | 21 184 | 1.3 |
| Investment housing - fixed loans(c) | 10 221 | -1.7 | 10 247 | -1.3 |
| Number of dwelling commitments(a)(b) | ||||
|
no. | % change | no. | % change |
| Owner occupied housing | 52 334 | -0.2 | 52 647 | 0.4 |
| Construction of dwellings | 5 765 | 0.2 | 5 899 | 0.6 |
| Purchase of new dwellings | 2 703 | -1.8 | 2 650 | -2.2 |
| Purchase of established dwellings | 43 866 | -0.2 | 44 098 | 0.6 |
| (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 |
JULY KEY POINTS
VALUE OF DWELLING COMMITMENTS
July 2018 compared with June 2018:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.6%. Owner occupied housing commitments was flat, while investment housing commitments fell 1.7%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 0.4%.
NUMBER OF DWELLING COMMITMENTS
July 2018 compared with June 2018:
- In trend terms, the number of commitments for owner occupied housing finance fell 0.2% in July 2018.
- In trend terms, the number of commitments for the purchase of new dwellings fell 1.8%, the number of commitments for the purchase of established dwellings fell 0.2%, while the number of commitments for the construction of dwellings rose 0.2%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 18.0% in July 2018 from 18.1% in June 2018.
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