SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
The trend series for the total value of owner occupied housing commitments excluding alterations and additions rose 0.9% and the seasonally adjusted series rose 2.8%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 8 December 2010.
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.1% in October 2010 compared with September 2010. Fixed lending commitments rose 0.3%, while revolving credit commitments fell 0.1%.
In seasonally adjusted terms, the value of total personal finance commitments fell 0.4% in October 2010. Revolving credit commitments fell 2.5%, while fixed lending commitments rose 1.9%.
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments fell 0.2% in October 2010 compared with September 2010. Fixed lending commitments fell 0.9%, while revolving credit commitments rose 1.5%.
The seasonally adjusted series for the value of total commercial finance commitments rose 5.2% in October 2010. Revolving credit commitments rose 17.4% and fixed lending commitments rose 0.3%.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 1.1% in October 2010, following a fall of 1.3% in September 2010. The seasonally adjusted series rose 0.9% in October 2010.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
The value of total lease finance commitments (trend) rose 1.6% in October 2010. The seasonally adjusted series rose 3.1%.
This page last updated 14 January 2011