5671.0 - Lending Finance, Australia, Oct 2013  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/12/2013   
   Page tools: Print Print Page Print all pages in this productPrint All

SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

(Table 1)

The total value of owner occupied housing commitments excluding alterations and additions rose 1.1% in trend terms and the seasonally adjusted series rose 1.7%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 10 December 2013.


PERSONAL FINANCE

(Tables 1 & 4)

The trend series for the value of total personal finance commitments fell 0.1%. Revolving credit commitments fell 0.6%, while fixed lending commitments rose 0.2%.

The seasonally adjusted series for the value of total personal finance commitments rose 1.7%. Revolving credit commitments rose 3.5% and fixed lending commitments rose 0.5%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 0.6% in October 2013 compared with September 2013. Fixed lending commitments rose 1.0%, while revolving credit commitments fell 0.5%.

The seasonally adjusted series for the value of total commercial finance commitments fell 3.9% in October 2013, after a rise of 3.1% in September 2013. Revolving credit commitments fell 8.6%, after a rise of 17.6% in the previous month. Fixed lending commitments fell 2.3%, following a fall of 1.1% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 2.6% in October 2013 and the seasonally adjusted series rose 10.2%.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE



LEASE FINANCE

(Table 1)

The value of total lease finance commitments (trend) fell 4.5% in October 2013. The seasonally adjusted series rose 1.1% in October 2013 following a rise of 12.0% in September 2013.