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5671.0 - Lending Finance, Australia, Nov 2011  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/01/2012   
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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 0.2% in trend terms and the seasonally adjusted series rose 2.2%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 16 January 2012.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 0.2% in November 2011 compared with October 2011. 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 7.8% in November 2011, after a 9.9% rise in October 2011. Revolving credit commitments fell 17.0% in November 2011, while fixed lending commitments rose 1.0%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 0.5% in November 2011 compared with October 2011. Revolving credit commitments rose 1.2% and fixed lending commitments rose 0.1%.

The seasonally adjusted series for the value of total commercial finance commitments fell 9.6% in November 2011, after a 15.5% rise in October 2011. Revolving credit commitments fell 19.1%, after a 34.5% rise in the previous month. Fixed lending commitments fell 4.2%, after a 6.9% rise in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 0.3% in November 2011. The seasonally adjusted series rose 0.5% in November 2011.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE



LEASE FINANCE

(Table 1)

The value of total lease finance commitments (trend) rose 3.6% in November 2011. The seasonally adjusted series rose 15.1% which is the strongest increase since March 2011.


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