SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 0.4% in trend terms, while the seasonally adjusted series fell 1.9%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 14 October 2013.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments fell 0.3% in August 2013 compared with July 2013. Fixed lending commitments fell 0.7%, while revolving credit commitments rose 0.1%.
In seasonally adjusted terms, the value of total personal finance commitments fell 2.6%. Revolving credit commitments fell 3.7% and fixed lending commitments fell 1.9%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 1.4% in August 2013 compared with July 2013. Fixed lending commitments rose 1.8% and revolving credit commitments rose 0.1%.
The seasonally adjusted series for the value of total commercial finance commitments rose 7.0% in August 2013, after a fall of 10.1% in July 2013. Fixed lending commitments rose 10.2%, after a fall of 2.5% in the previous month. Revolving credit commitments fell 2.8%, following a fall of 27.9% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.7% in August 2013, while the seasonally adjusted series fell 1.2%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) fell 5.8% in August 2013. The seasonally adjusted series fell 24.2%, following a fall of 12.4% in July 2013.
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