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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner-occupied housing commitments excluding alterations and additions increased by 1.1% (seasonally adjusted) in December 2006 compared with November 2006. The trend series fell 0.1% in December 2006.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0).

PERSONAL FINANCE

In seasonally adjusted terms, the value of total personal finance commitments fell by 1.0% in December 2006 compared with November 2006. This increase was due to a fall in revolving credit commitments (down 1.0%) and fixed lending commitments (down 0.9%).

In trend terms, the value of total personal finance commitments fell 0.3% in December 2006. The trend series for revolving credit commitments fell 0.4%, while fixed lending commitments decreased 0.1%.

In original terms, fixed lending commitments decreased by $411m (down 12.8%) in December 2006 compared with November 2006. Movements in the original series contributing to this decrease were:

• Refinancing, down $131m (-18.0%),
• Other, down $73m (-8.4%),
• Used motor vehicles $70m (-16.5%).

The trend series for commercial finance commitments decreased 0.4% in December 2006. The decrease was due to a fall in both fixed lending commitments (down 0.5%) and revolving credit commitments (down 0.1%).

The value of purchases of dwellings by individuals for rent or resale (seasonally adjusted) rose by 0.5% in December 2006, after a revised decrease of 2.2% in November 2006. The trend series fell 1.7% in December 2006.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE