SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
The trend series for the total value of owner occupied housing commitments excluding alterations and additions recorded no change in percentage terms while the seasonally adjusted series rose 6.7%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 November 2009.
PERSONAL FINANCE
In trend terms, the value of total personal finance commitments increased 0.9% in September 2009 compared with August 2009. Revolving credit commitments rose 1.1% and fixed lending commitments rose 0.6%.
In seasonally adjusted terms, the value of total personal finance commitments decreased 1.8% in September 2009. Revolving credit commitments fell 2.2% and fixed lending commitments fell 1.4%.
In original terms, the value of total personal finance commitments increased 2.8% ($191m) in September 2009 compared with August 2009, with a 6.2% ($208m) increase in revolving credit commitments, partially offset by a 0.5% ($16m) decrease in fixed lending commitments.
COMMERCIAL FINANCE
The trend series for the value of total commercial finance commitments increased 0.7% in September 2009 compared with August 2009. Fixed lending commitments rose 1.4%, while revolving credit commitments fell 0.7%.
The seasonally adjusted series for the value of total commercial finance commitments increased 8.0%. Fixed lending commitments rose 9.3% and revolving credit commitments rose 4.8%.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 0.9% in September 2009, following a revised increase of 1.3% in August 2009. The seasonally adjusted series rose 1.3% in September 2009.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
The value of lease finance commitments (trend) decreased 0.4% in September 2009. The seasonally adjusted series decreased 3.6%.
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