SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The trend series for the total value of owner occupied housing commitments excluding alterations and additions rose 0.6%, while the seasonally adjusted series was flat (0.0%).
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 11 October 2010.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments fell 0.4% in August 2010 compared with July 2010. Revolving credit commitments fell 0.6% and fixed lending commitments fell 0.2%.
In seasonally adjusted terms, the value of total personal finance commitments fell 0.3% in August 2010. Fixed lending commitments fell 2.0%, while revolving credit commitments rose 1.4%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments fell 1.8% in August 2010 compared with July 2010. Revolving credit commitments fell 4.9% and fixed lending commitments fell 0.6%.
The seasonally adjusted series for the value of total commercial finance commitments fell 11.1% in August 2010. Revolving credit commitments fell 25.9% and fixed lending commitments fell 4.9%.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 1.4% in August 2010, following a fall of 1.3% in July 2010. The seasonally adjusted series fell 7.5% in August 2010.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) rose 0.8% in August 2010. The seasonally adjusted series rose 2.3%.
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