SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 0.4% in trend terms, while the seasonally adjusted series fell 4.6%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 March 2011.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments fell 1.1% in January 2011 compared with December 2010. Revolving credit commitments fell 2.1% and fixed lending commitments fell 0.1%.
In seasonally adjusted terms, the value of total personal finance commitments fell 9.5% in January 2011, the largest fall since March 2008 (10.4%). Revolving credit commitments fell 14.5% and fixed lending commitments fell 4.5%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 1.5% in January 2011 compared with December 2010. Revolving credit commitments rose 2.4% and fixed lending commitments rose 1.2%.
The seasonally adjusted series for the value of total commercial finance commitments fell 5.8% in January 2011. Revolving credit commitments fell 9.7% and fixed lending commitments fell 4.0%.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 0.3% in January 2011, following a fall of 0.4% in December 2010. The seasonally adjusted series fell 8.2% in January 2011. This is the largest fall since March 2008 (8.2%) and July 2006 (9.0%).
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) rose 1.2% in January 2011. The seasonally adjusted series fell 1.3%.
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