SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions was flat (0.0%) in trend terms, while the seasonally adjusted series fell 1.2%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 12 December 2011.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.4% in October 2011 compared with September 2011. Fixed lending commitments rose 0.6% and revolving credit commitments rose 0.3%.
In seasonally adjusted terms, the value of total personal finance commitments rose 5.2% in October 2011. Revolving credit commitments rose 11.3% and fixed lending commitments rose 0.4%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 2.4% in October 2011 compared with September 2011. Revolving credit commitments rose 3.6% and fixed lending commitments rose 1.7%.
The seasonally adjusted series for the value of total commercial finance commitments rose 16.5% in October 2011, after a 9.5% fall in September 2011. Revolving credit commitments rose 34.8%, after a 15.1% fall in the previous month. Fixed lending commitments rose 8.0%, after a 6.6% fall in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) was flat (0.0%) in October 2011, after five consecutive rises. The seasonally adjusted series fell 2.9% in October 2011.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) rose 1.3% in October 2011. The seasonally adjusted series fell 2.4%, after a rise of 1.5% in September 2011.
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