SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions was flat (0.0%) in trend terms, while the seasonally adjusted series fell 4.0%.
For further information, please refer to Housing Finance, Australia (cat.no. 5609.0) which was released on 11 April 2012.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments fell 0.3% in February 2012 compared with January 2012. Revolving credit commitments fell 0.5% and fixed lending commitments fell 0.1%.
In seasonally adjusted terms, the value of total personal finance commitments fell 3.8%. Revolving credit commitments fell 9.4%, while fixed lending commitments rose 1.3%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments fell 2.8% in February 2012 compared with January 2012. Revolving credit commitments fell 8.1% and fixed lending commitments fell 0.7%.
The seasonally adjusted series for the value of total commercial finance commitments fell 8.4% in February 2012, following a fall of 1.5% in January 2012. Revolving credit commitments fell 26.6%, after a rise of 0.3% in the previous month. Fixed lending commitments fell 0.7%, following a fall of 2.3% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.5% in February 2012, while the seasonally adjusted series fell 0.2% in February 2012.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) rose 1.8% in February 2012 and the seasonally adjusted series rose 4.1%, following a rise of 11.1% in January 2012.
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