SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
The trend series for the total value of owner occupied housing commitments excluding alterations and additions increased 0.2% while the seasonally adjusted series decreased 1.7%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 December 2009.
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments increased 0.4% in October 2009 compared with September 2009. Revolving credit commitments rose 0.9%, while fixed lending commitments fell 0.2%.
In seasonally adjusted terms, the value of total personal finance commitments decreased 1.5% in October 2009. Fixed lending commitments and revolving credit commitments fell 1.9% and 1.2% respectively.
In original terms, fixed lending commitments increased 0.1% (up $4m ) in October 2009 compared with September 2009.
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments remained flat in October 2009 compared with September 2009. Revolving credit commitments fell 1.8%, while fixed lending commitments rose 0.8%.
The seasonally adjusted series for the value of total commercial finance commitments decreased 16.3% in October 2009 following increases of 5.4% and 8.6% in August and September 2009, respectively. Fixed lending commitments and revolving credit commitments fell 17.1% and 14.4% respectively.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 0.6% in October 2009, following an increase of 1.0% in September 2009. The seasonally adjusted series fell 0.6% in October 2009.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
The value of lease finance commitments (trend) increased 0.1% in October 2009. The seasonally adjusted series increased 0.5%.