SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 1.5% in trend terms and the seasonally adjusted series rose 1.4%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 6 September 2011.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 1.1% in July 2011 compared with June 2011. Fixed lending commitments rose 1.1% and revolving credit commitments rose 1.1%.
In seasonally adjusted terms, the value of total personal finance commitments rose 0.5% in July 2011. Revolving credit commitments rose 3.9%, while fixed lending commitments fell 2.3%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 0.9% in July 2011 compared with June 2011. Revolving credit commitments rose 2.2% and fixed lending commitments rose 0.3%.
The seasonally adjusted series for the value of total commercial finance commitments rose 6.1% in July 2011, after a 6.1% fall in June 2011. Revolving credit commitments rose 13.4%, after a 7.8% fall in the previous month. Fixed lending commitments rose 2.7%.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.7% in July 2011, the second consecutive rise after being flat in May 2011 and twelve consecutive falls previously in the series. The seasonally adjusted series rose 2.7% in July 2011.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) fell 1.3% in July 2011. The seasonally adjusted series rose 3.4%, after a fall of 6.7% in June 2011.
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