SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions fell 1.1% in trend terms, while the seasonally adjusted series rose 6.3%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 8 June 2011.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments fell 1.9% in April 2011 compared with March 2011. Revolving credit commitments fell 3.1% and fixed lending commitments fell 0.8%.
In seasonally adjusted terms, the value of total personal finance commitments rose 0.4% in April 2011. Fixed lending commitments rose 3.3%, while revolving credit commitments fell 2.8%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments fell 0.9% in April 2011 compared with March 2011. Fixed lending commitments fell 1.1% and revolving credit commitments fell 0.5%.
The seasonally adjusted series for the value of total commercial finance commitments fell 8.8% in April 2011, after a rise of 12.0% in March 2011. Fixed lending commitments fell 11.8%, after a rise of 15.2% in March 2011 and revolving credit commitments fell 1.8%.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 1.7% in April 2011, the 12th consecutive fall in the series. The seasonally adjusted series rose 3.1% in April 2011.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) rose 0.1% in April 2011. The seasonally adjusted series rose 2.3%. This follows a rise of 11.2% in March 2011 and a fall of 11.6% in February 2011.
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