SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 0.8% in trend terms and the seasonally adjusted series rose 0.1%.
For further information, please refer to Housing Finance, Australia (cat.no. 5609.0) which was released on 13 March 2012.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments fell 0.1% in January 2012 compared with December 2011. Fixed lending commitments fell 0.2%, while revolving credit commitments were flat (0.0%).
In seasonally adjusted terms, the value of total personal finance commitments rose 4.3%. Revolving credit commitments rose 8.7% and fixed lending commitments rose 0.7%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments fell 1.3% in January 2012 compared with December 2011. Revolving credit commitments fell 3.5% and fixed lending commitments fell 0.3%.
The seasonally adjusted series for the value of total commercial finance commitments fell 1.1% in January 2012, following a 0.5% fall in December 2011. Fixed lending commitments fell 2.1%, after a 2.6% rise in the previous month. Revolving credit commitments rose 1.3%, after a fall of 7.1% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.7% in January 2012, while the seasonally adjusted series fell 2.0% in January 2012.
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 1.4% and the seasonally adjusted series rose 9.4%, after a fall of 10.6% in December 2011.
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