SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 1.4% in trend terms and the seasonally adjusted series rose 1.9%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 13 January 2014.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.5% in November 2013 compared with October 2013. Fixed lending commitments rose 0.6% and revolving credit commitments rose 0.3%.
In seasonally adjusted terms, the value of total personal finance commitments rose 0.6%. Fixed lending commitments rose 1.2%, while revolving credit commitments fell 0.1%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 1.1% in November 2013 compared with October 2013. Fixed lending commitments rose 1.7%, while revolving credit commitments fell 0.7%.
The seasonally adjusted series for the value of total commercial finance commitments rose 8.3% in November 2013, after a fall of 4.1% in October 2013. Revolving credit commitments rose 4.8%, after a fall of 11.5% in the previous month. Fixed lending commitments rose 9.4%, after a fall of 1.6% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 2.9% in November 2013 and the seasonally adjusted series rose 1.2%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The trend series for the value of total lease finance commitments fell 1.9%, while the seasonally adjusted series rose 1.9%, following a rise of 1.7% in October 2013.
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