SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions fell 0.5% in trend terms and the seasonally adjusted series rose 0.9%.
For further information, please refer to Housing Finance, Australia (cat.no. 5609.0) which was released on 8 June 2012.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments fell 0.2% in April 2012 compared with March 2012. Revolving credit commitments fell 1.2%, while fixed lending commitments rose 0.6%.
In seasonally adjusted terms, the value of total personal finance commitments rose 0.6%. Revolving credit commitments rose 0.9% and fixed lending commitments rose 0.5%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 0.7% in April 2012 compared with March 2012. Fixed lending commitments rose 1.3%, while revolving credit commitments fell 1.1%.
The seasonally adjusted series for the value of total commercial finance commitments rose 9.8% in April 2012, following a rise of 10.1% in March 2012. Revolving credit commitments rose 25.1%, following a rise of 23.4% in the previous month. Fixed lending commitments rose 4.3%, following a rise of 5.9% the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.2% in April 2012, while the seasonally adjusted series fell 1.9% in April 2012.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) rose 2.9% in April 2012. The seasonally adjusted series rose 6.8%, following a rise of 3.1% in March 2012.
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