5671.0 - Lending Finance, Australia, Dec 2013  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 14/02/2014   
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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

(Table 1)

The total value of owner occupied housing commitments excluding alterations and additions rose 1.0% in trend terms, while the seasonally adjusted series fell 1.5%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 11 February 2014.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 0.3% in December 2013 compared with November 2013. Fixed lending commitments rose 0.7%, while revolving credit commitments fell 0.4%.

In seasonally adjusted terms, the value of total personal finance commitments fell 1.1%. Revolving credit commitments fell 4.0%, while fixed lending commitments rose 1.0%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 1.9% in December 2013 compared with November 2013. Fixed lending commitments rose 2.5%, while revolving credit commitments remained steady (0.0%).

The seasonally adjusted series for the value of total commercial finance commitments rose 4.7% in December 2013, following a rise of 8.5% in November 2013. Revolving credit commitments rose 10.0%, following a rise of 5.0% in the previous month. Fixed lending commitments rose 3.1%, following a rise of 9.5% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 2.8% in December 2013 and the seasonally adjusted series rose 2.1%.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: 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 0.2% and the seasonally adjusted series rose 0.9%, following a rise of 3.2% in November 2013.