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NOVEMBER KEY FIGURES

		Oct 2004	Nov 2004	Oct 2004 to Nov 2004
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation	10,422	10,519	0.9
	Personal finance	6,296	6,308	0.2
	Commercial finance	25,934	26,720	3.0
	Lease finance	545	560	2.7
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation	10,318	10,668	3.4
	Personal finance	6,561	6,212	-5.3
	Commercial finance	26,171	25,911	-1.0
	Lease finance	538	552	2.7

Personal finance

Commercial finance

NOVEMBER KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

• The total value of owner-occupied housing commitments excluding alterations and additions increased by 3.4% (seasonally adjusted) in November 2004. The trend series increased by 0.9%.

• The seasonally adjusted series for total personal finance commitments fell by 5.3% in November 2004. Fixed lending increased by 1.3% while revolving credit commitments decreased by 10.7%.
• The total personal finance trend series increased by 0.2% in November 2004, the first monthly increase after eleven consecutive monthly decreases.

• The total commercial finance series (seasonally adjusted) fell by 1.0% in November 2004. Fixed lending decreased by 5.5% while revolving credit increased by 8.6%.
• The purchase of dwellings by individuals for rent or resale (seasonally adjusted) series rose by 5.5% in November 2004, after a reported decrease of 4.9% in October.
• The trend series for total commercial finance increased by 3.0% in November 2004. The fixed lending and revolving credit trend series rose by 2.6% and 3.7%, respectively.

• Lease finance (seasonally adjusted) increased by 2.7% in November 2004, after a 4.6% fall in October.
• The lease finance trend rose by 2.7% in November 2004, the sixth consecutive monthly increase.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Vincent Nguyen on Canberra (02) 6252 6398.

SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of commitments excluding alterations and additions (seasonally adjusted) increased by 3.4% in November 2004. The trend series increased by 0.9%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0).

PERSONAL FINANCE

In seasonally adjusted terms, total personal finance fell by 5.3% to $6,212 million in November 2004 after two consecutive monthly increases. Fixed lending increased by 1.3% while revolving credit commitments decreased by 10.7%. The trend series increased by 0.2%.

In original terms, revolving credit commitments decreased by 0.5% in November 2004. This was due to the decrease in unsecured revolving credit (down 14.9%) more than offsetting the increase in secured revolving credit (up 15.6%).

In original terms, fixed lending commitments increased by 8.9% (up $250m) in November 2004. This was due mainly to increases in refinancing (up $74m, 14.1%), total motor vehicles (up $65m, 7.2%) and other fixed lending (up $40m, 5.2%).

COMMERCIAL FINANCE

Total commercial finance series (seasonally adjusted) decreased by 1.0% to $25,911 million in November 2004. Fixed lending decreased by 5.5% while revolving credit increased by 8.6%. The trend series increased by 3.0%.

In original terms, fixed lending commitments decreased by 5.6%. Decreases were recorded in refinancing (down 53.4%) and construction finance (down 45.7%). In contrast, there were significant increases in other fixed lending (up 16.6%) and purchase of real property (up 5.5%). Revolving credit commitments (original) increased by 21.0%.

The seasonally adjusted purchase of dwellings for rent or resale by individuals series increased to $4,441 million (up 5.5%) in November 2004. The trend series increased by 0.4% in November 2004, the first increase after twelve consecutive monthly decreases.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE