SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 0.1% in trend terms, while the seasonally adjusted series fell 1.4%.
For further information, please refer to Housing Finance, Australia (cat.no. 5609.0), which was released on 10 September 2012.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.5% in July 2012 compared with June 2012. Fixed lending commitments rose 1.0%, while revolving credit commitments fell 0.3%.
In seasonally adjusted terms, the value of total personal finance commitments rose 0.1%. Fixed lending commitments rose 0.9%, while revolving credit commitments fell 0.9%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments fell 1.0% in July 2012 compared with June 2012. Fixed lending commitments fell 1.0% and revolving credit commitments fell 0.9%.
The seasonally adjusted series for the value of total commercial finance commitments fell 5.0% in July 2012, after a rise of 1.8% in June 2012. Fixed lending commitments fell 5.2%, after a rise of 2.7% in the previous month. Revolving credit commitments fell 4.4%, following a fall of 0.5% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.1% in July 2012, while the seasonally adjusted series fell 1.3%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) rose 1.1% in July 2012. The seasonally adjusted series rose 3.4%, after a fall of 2.7% in June 2012.
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