SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
The total value of owner occupied housing commitments excluding alterations and additions rose 0.8% in trend terms and the seasonally adjusted series rose 0.7%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 November 2011.
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.2% in September 2011 compared with August 2011. Fixed lending commitments rose 0.6%, while revolving credit commitments fell 0.3%.
In seasonally adjusted terms, the value of total personal finance commitments fell 2.5% in September 2011. Revolving credit commitments fell 7.3%, while fixed lending commitments rose 1.7%.
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 0.3% in September 2011 compared with August 2011. Revolving credit commitments rose 0.6% and fixed lending commitments rose 0.1%.
The seasonally adjusted series for the value of total commercial finance commitments fell 10.0% in September 2011, after a 7.7% rise in August 2011. Revolving credit commitments fell 15.3%, after a 6.2% rise in the previous month. Fixed lending commitments fell 7.3%, after an 8.5% rise in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.8% in September 2011, the fifth consecutive rise after twelve consecutive falls previously in the series. The seasonally adjusted series rose 2.9% in September 2011.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
The value of total lease finance commitments (trend) rose 0.6% in September 2011. The seasonally adjusted series rose 1.3%, following a rise of 6.8% in August 2011.