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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions fell 0.5% in trend terms and the seasonally adjusted series fell 0.8%.

Further detail can be found in Table 1 on the downloads tab of this release and in the PDF.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 December 2016.


PERSONAL FINANCE

The trend series for the value of total personal finance commitments fell 1.2% in October 2016 compared with September 2016. Revolving lending commitments fell 3.5%, while fixed lending commitments rose 0.1%.

The seasonally adjusted series for the value of total personal finance commitments fell 2.4%. Revolving lending commitments fell 4.2% and fixed lending commitments fell 1.5%.

Further detail can be found in Tables 1 and 4 on the downloads tab of this release and in the PDF.


COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments rose 1.7% in October 2016 compared with September 2016. Revolving lending commitments rose 0.4% and fixed lending commitments rose 2.0%.

The seasonally adjusted series for the value of total commercial finance commitments rose 0.8% in October 2016, following a rise of 3.4% in September 2016. Revolving lending commitments fell 10.7%, after a rise of 8.0% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 2.1% in October 2016 and the seasonally adjusted series rose 1.4%.

Further detail can be found in Tables 1 and 8 on the downloads tab of this release and in the PDF.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE