5671.0 - Lending Finance, Australia, Nov 2011  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/01/2012   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

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.