Variable extraction to var in Intellij IDEA

Issue

When extracting a variable (ctrl+alt+v) in Intellij IDEA with Java 11, I would like for the default to be that it is extracted to a var instead of the verbose type.

var home = "127.0.0.1";

instead of

String home = "127.0.0.1";

Is there a way to configure Intellij IDEA to do this?

Solution

JetBrains added this feature to IntelliJ 2019.1.1.

Answered By - Jewels