SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 1.1% in trend terms and the seasonally adjusted series rose 1.7%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 10 December 2013.
PERSONAL FINANCE
(Tables 1 & 4)
The trend series for the value of total personal finance commitments fell 0.1%. Revolving credit commitments fell 0.6%, while fixed lending commitments rose 0.2%.
The seasonally adjusted series for the value of total personal finance commitments rose 1.7%. Revolving credit commitments rose 3.5% and fixed lending commitments rose 0.5%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 0.6% in October 2013 compared with September 2013. Fixed lending commitments rose 1.0%, while revolving credit commitments fell 0.5%.
The seasonally adjusted series for the value of total commercial finance commitments fell 3.9% in October 2013, after a rise of 3.1% in September 2013. Revolving credit commitments fell 8.6%, after a rise of 17.6% in the previous month. Fixed lending commitments fell 2.3%, following a fall of 1.1% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 2.6% in October 2013 and the seasonally adjusted series rose 10.2%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) fell 4.5% in October 2013. The seasonally adjusted series rose 1.1% in October 2013 following a rise of 12.0% in September 2013.
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