SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 0.7% in trend terms and the seasonally adjusted series rose 2.0%.
For further information, please refer to Housing Finance, Australia (cat.no. 5609.0) which was released on 13 February 2012.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments fell 0.5% in December 2011 compared with November 2011. Revolving credit commitments fell 0.8% and fixed lending commitments fell 0.1%.
In seasonally adjusted terms, the value of total personal finance commitments rose 0.4% in December 2011. Revolving credit commitments rose 3.3%, while fixed lending commitments fell 1.9%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments fell 0.2% in December 2011 compared with November 2011. Revolving credit commitments fell 1.5%, while fixed lending commitments rose 0.5%.
The seasonally adjusted series for the value of total commercial finance commitments fell 0.9% in December 2011, following a 10.4% fall in November 2011. Revolving credit commitments fell 8.0%, following a 21.0% fall in the previous month. Fixed lending commitments rose 2.5%, after a 4.4% fall in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 1.0% in December 2011. The seasonally adjusted series rose 6.2% in December 2011.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) rose 1.9% in December 2011. The seasonally adjusted series fell 13.1%, after a rise of 16.4% in November 2011.
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