NOVEMBER KEY FIGURES
| | Oct 2012 | Nov 2012 | Oct 2012 to Nov 2012 |
| | $m | $m | % change |
|
TREND ESTIMATES | | | |
| Housing finance for owner occupation(a) | 13 852 | 13 913 | 0.4 |
| Personal finance | 7 398 | 7 397 | 0.0 |
| Commercial finance | 29 743 | 30 059 | 1.1 |
| Lease finance | 551 | 551 | -0.1 |
SEASONALLY ADJUSTED ESTIMATES | | | |
| Housing finance for owner occupation(a) | 13 861 | 13 940 | 0.6 |
| Personal finance | 7 378 | 7 448 | 1.0 |
| Commercial finance | 31 717 | 29 427 | -7.2 |
| Lease finance | 542 | 551 | 1.5 |
|
(a) Excludes alterations and additions |
Personal Finance
| Commercial Finance
|
NOVEMBER KEY POINTS
NOVEMBER 2012 COMPARED WITH OCTOBER 2012:
HOUSING FINANCE FOR OWNER OCCUPATION
- The total value of owner occupied housing commitments excluding alterations and additions rose 0.4% in trend terms and the seasonally adjusted series rose 0.6%.
PERSONAL FINANCE
- The trend series for the value of total personal finance commitments was flat. Revolving credit commitments fell 0.5%, while fixed lending commitments rose 0.3%.
- The seasonally adjusted series for the value of total personal finance commitments rose 1.0%. Revolving credit commitments rose 1.0% and fixed lending commitments rose 0.9%.
COMMERCIAL FINANCE
- The trend series for the value of total commercial finance commitments rose 1.1%. Revolving credit commitments rose 2.8% and fixed lending commitments rose 0.4%.
- The seasonally adjusted series for the value of total commercial finance commitments fell 7.2% in November 2012, after a rise of 4.5% in October 2012. Fixed lending commitments fell 10.8%, after a rise of 6.3% in the previous month. Revolving credit commitments rose 2.4%, after a fall of 0.2% in the previous month.
LEASE FINANCE
- The trend series for the value of total lease finance commitments fell 0.1%, while the seasonally adjusted series rose 1.5%, after a fall of 5.9% in October 2012.
NOTES
FORTHCOMING ISSUES
ISSUE | Release Date |
December 2012 | 13 February 2013 |
January 2013 | 18 March 2013 |
February 2013 | 16 April 2013 |
March 2013 | 14 May 2013 |
April 2013 | 12 June 2013 |
May 2013 | 15 July 2013 |
CHANGES IN THIS ISSUE - SEASONAL FACTORS
Seasonally adjusted and trend estimates for lending finance have been revised as a result of the biennial reanalysis which takes account of additional data that have become available since the previous reanalysis. This reanalysis reviews the seasonal and trading day factors in more detail than is possible in the monthly processing cycle and assesses the appropriateness of any prior corrections. The next reanalysis is scheduled for the November 2014 issue.
REVISIONS
In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions have impacted on:
- Owner occupied housing values for the period August 2012 to October 2012
- Personal finance values for October 2012
- Commercial finance values for the period August 2012 to October 2012
- Lease finance values for October 2012.
Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Tavish Shrestha on Sydney (02) 9268 4615.