SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions fell 0.1% in trend terms, and the seasonally adjusted series fell 2.7%.
For further information, please refer to Housing Finance, Australia (cat.no. 5609.0), which was released on 11 February 2013.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.2% in December 2012 compared with November 2012. Fixed lending commitments rose 0.4%, while revolving credit commitments fell 0.2%.
In seasonally adjusted terms, the value of total personal finance commitments rose 0.2%. Fixed lending commitments rose 0.9%, while revolving credit commitments fell 0.8%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 1.0% in December 2012 compared with November 2012. Revolving credit commitments rose 2.6% and fixed lending commitments rose 0.4%.
The seasonally adjusted series for the value of total commercial finance commitments rose 8.6% in December 2012, after a fall of 7.7% in November 2012 and a rise of 4.8% in October 2012. Fixed lending commitments rose 8.6%, after a fall of 10.5% in the previous month. Revolving credit commitments rose 8.8%, after a fall of 0.2% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.8% in December 2012, while the seasonally adjusted series fell 0.2%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) fell 2.9% in December 2012. The seasonally adjusted series fell 15.3%, after a fall of 0.9% in November 2012.
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