SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 0.1% in trend terms, while the seasonally adjusted series fell 1.2%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 13 May 2014.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.3% in March 2014 compared with February 2014. Fixed lending commitments rose 0.2% and revolving credit commitments rose 0.3%.
In seasonally adjusted terms, the value of total personal finance commitments fell 1.7%. Revolving credit commitments fell 4.2%, while fixed lending commitments rose 0.3%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 1.4% in March 2014 compared with February 2014. Revolving credit commitments rose 2.3% and fixed lending commitments rose 1.0%.
The seasonally adjusted series for the value of total commercial finance commitments rose 2.8% in March 2014, after a fall of 2.6% in February 2014. Revolving credit commitments rose 14.5%, after a fall of 5.2% in the previous month. Fixed lending commitments fell 0.7%, following a fall of 1.8% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) was flat in March 2014 and the seasonally adjusted series rose 3.0%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The trend series for the value of total lease finance commitments rose 1.7% and the seasonally adjusted series rose 5.9%, following a rise of 1.2% in February 2014.
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