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 5.8%.
For further information, please refer to Housing Finance, Australia (cat.no. 5609.0), which was released on 13 May 2013.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 1.2% in March 2013 compared with February 2013. Fixed lending commitments rose 1.9% and revolving credit commitments rose 0.2%.
In seasonally adjusted terms, the value of total personal finance commitments rose 0.6%. Fixed lending commitments rose 10.1%, while revolving credit commitments fell 11.8%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments fell 1.1% in March 2013 compared with February 2013. Revolving credit commitments fell 4.2%, while fixed lending commitments was flat.
The seasonally adjusted series for the value of total commercial finance commitments rose 1.5% in March 2013, following a rise of 0.9% in February 2013 and a fall of 9.0% in January 2013. Revolving credit commitments rose 4.7%, after a fall of 6.3% in the previous month. Fixed lending commitments rose 0.4%, following a rise of 3.4% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 1.4% in March 2013 and the seasonally adjusted series rose 4.6%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) fell 0.6% in March 2013. The seasonally adjusted series fell 4.1%, after a rise of 1.6% in February 2013.
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