SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 1.0% in trend terms, while the seasonally adjusted series was flat.
For further information, please refer to Housing Finance, Australia (cat.no. 5609.0), which was released on 9 September 2013.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments was flat in July 2013 compared with June 2013. Revolving credit commitments rose 0.3%, while fixed lending commitments fell 0.1%.
In seasonally adjusted terms, the value of total personal finance commitments rose 7.0%. Revolving credit commitments rose 10.2% and fixed lending commitments rose 4.8%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 2.1% in July 2013 compared with June 2013. Revolving credit commitments rose 3.7% and fixed lending commitments rose 1.5%.
The seasonally adjusted series for the value of total commercial finance commitments fell 10.5% in July 2013, after a rise of 10.9% in June 2013 and a rise of 3.2% in May 2013. Revolving credit commitments fell 27.2%, after a rise of 48.8% in the previous month. Fixed lending commitments fell 3.2%, following a fall of 0.1% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 1.2% in July 2013 and the seasonally adjusted series rose 2.4%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) fell 1.7% in July 2013. The seasonally adjusted series fell 8.4%, after a rise of 7.2% in June 2013.
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