5671.0 - Lending Finance, Australia, Nov 2013  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 15/01/2014   
   Page tools: Print Print Page Print all pages in this productPrint All

SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

(Table 1)

The total value of owner occupied housing commitments excluding alterations and additions rose 1.4% in trend terms and the seasonally adjusted series rose 1.9%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 13 January 2014.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 0.5% in November 2013 compared with October 2013. Fixed lending commitments rose 0.6% and revolving credit commitments rose 0.3%.

In seasonally adjusted terms, the value of total personal finance commitments rose 0.6%. Fixed lending commitments rose 1.2%, while revolving credit commitments fell 0.1%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 1.1% in November 2013 compared with October 2013. Fixed lending commitments rose 1.7%, while revolving credit commitments fell 0.7%.

The seasonally adjusted series for the value of total commercial finance commitments rose 8.3% in November 2013, after a fall of 4.1% in October 2013. Revolving credit commitments rose 4.8%, after a fall of 11.5% in the previous month. Fixed lending commitments rose 9.4%, after a fall of 1.6% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 2.9% in November 2013 and the seasonally adjusted series rose 1.2%.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE



LEASE FINANCE

(Table 1)

The trend series for the value of total lease finance commitments fell 1.9%, while the seasonally adjusted series rose 1.9%, following a rise of 1.7% in October 2013.