SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 0.3% in trend terms and the seasonally adjusted series was flat.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 September 2014.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.4% in July 2014 compared with June 2014. Revolving credit commitments rose 0.8% and fixed lending commitments rose 0.1%.
In seasonally adjusted terms, the value of total personal finance commitments fell 1.3%. Revolving credit commitments fell 4.7%, while fixed lending commitments rose 1.5%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 2.7% in July 2014 compared with June 2014. Revolving credit commitments rose 5.1% and fixed lending commitments rose 1.6%.
The seasonally adjusted series for the value of total commercial finance commitments rose 3.7% in July 2014, following a rise of 11.8% in June 2014. Fixed lending commitments rose 20.7%, following a rise of 0.8% in the previous month. Revolving credit commitments fell 25.9%, after a rise of 37.7% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 1.3% in July 2014 and the seasonally adjusted series rose 3.7%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The trend series for the value of total lease finance commitments rose 0.1% in July 2014, while the seasonally adjusted series fell 7.2%, after a rise of 1.0% in June 2014.
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