SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 0.6% in trend terms and the seasonally adjusted series rose 1.3%.
For further information, please refer to Housing Finance, Australia (cat.no. 5609.0), which was released on 15 October 2012.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.1% in August 2012 compared with July 2012. Fixed lending commitments rose 0.6%, while revolving credit commitments fell 0.7%.
In seasonally adjusted terms, the value of total personal finance commitments fell 3.3%. Revolving credit commitments fell 6.9% and fixed lending commitments fell 0.6%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments fell 2.2% in August 2012 compared with July 2012. Revolving credit commitments fell 2.3% and fixed lending commitments fell 2.1%.
The seasonally adjusted series for the value of total commercial finance commitments fell 5.2% in August 2012, following a fall of 6.7% in July 2012. Revolving credit commitments fell 7.1%, following a fall of 5.9% in the previous month. Fixed lending commitments fell 4.5%, following a fall of 7.0% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 0.1% in August 2012 and the seasonally adjusted series fell 0.9%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) fell 0.4% in August 2012. The seasonally adjusted series fell 5.1%, after a rise of 1.8% in July 2012.
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