SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 0.2% in trend terms and the seasonally adjusted series rose 2.2%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 16 January 2012.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.2% in November 2011 compared with October 2011. Fixed lending commitments rose 0.7%, while revolving credit commitments fell 0.4%.
In seasonally adjusted terms, the value of total personal finance commitments fell 7.8% in November 2011, after a 9.9% rise in October 2011. Revolving credit commitments fell 17.0% in November 2011, while fixed lending commitments rose 1.0%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 0.5% in November 2011 compared with October 2011. Revolving credit commitments rose 1.2% and fixed lending commitments rose 0.1%.
The seasonally adjusted series for the value of total commercial finance commitments fell 9.6% in November 2011, after a 15.5% rise in October 2011. Revolving credit commitments fell 19.1%, after a 34.5% rise in the previous month. Fixed lending commitments fell 4.2%, after a 6.9% rise in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 0.3% in November 2011. The seasonally adjusted series rose 0.5% in November 2011.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) rose 3.6% in November 2011. The seasonally adjusted series rose 15.1% which is the strongest increase since March 2011.
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