SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The trend series for the total value of owner occupied housing commitments excluding alterations and additions decreased 3.1% and the seasonally adjusted series decreased 4.4%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 12 April 2010.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments decreased 0.3% in February 2010 compared with January 2010. Fixed lending commitments fell 1.2%, while revolving credit commitments rose 0.5%.
In seasonally adjusted terms, the value of total personal finance commitments increased 0.7% in February 2010. Fixed lending commitments rose 1.0% and revolving credit commitments rose 0.4%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments decreased 0.4% in February 2010 compared with January 2010. Revolving credit commitments decreased 1.2% and fixed lending commitments decreased 0.1%.
The seasonally adjusted series for the value of total commercial finance commitments increased 5.6% in February 2010. Revolving credit commitments rose 13.7% and fixed lending commitments rose 2.9%.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 0.6% in February 2010, following an increase of 0.9% in January 2010. The seasonally adjusted series fell 0.5% in February 2010.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) decreased 0.5% in February 2010. The seasonally adjusted series increased 0.8%.
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