SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions fell 1.7% in trend terms and the seasonally adjusted series fell 1.1%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 16 May 2011.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments fell 2.6% in March 2011 compared with February 2011. Revolving credit commitments fell 3.2% and fixed lending commitments fell 2.1%.
In seasonally adjusted terms, the value of total personal finance commitments rose 0.5% in March 2011. Fixed lending commitments rose 2.1%, while revolving credit commitments fell 1.2%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 0.3% in March 2011 compared with February 2011. Fixed lending commitments rose 0.5%, while revolving credit commitments fell 0.2%.
The seasonally adjusted series for the value of total commercial finance commitments rose 13.3% in March 2011, following falls in each of the previous two months. Fixed lending commitments rose 17.1% and revolving credit commitments rose 5.3%.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 1.8% in March 2011, following a fall of 1.6% in February 2011. The seasonally adjusted series fell 1.7% in March 2011.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) fell 0.8% in March 2011. The seasonally adjusted series rose 10.5%, following a fall of 11.4% in February 2011.
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