SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
The trend series for the total value of owner occupied housing commitments excluding alterations and additions decreased 2.4% and the seasonally adjusted series decreased 5.0%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 10 March 2010.
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments decreased 0.2% in January 2010 compared with December 2009. Fixed lending commitments fell 1.1%, while revolving credit commitments rose 0.7%.
In seasonally adjusted terms, the value of total personal finance commitments decreased 1.5% in January 2010. Fixed lending commitments fell 2.1% and revolving credit commitments fell 1.1%.
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments decreased 1.4% in January 2010 compared with December 2009. Revolving credit commitments decreased 4.3% and fixed lending commitments decreased 0.4%.
The seasonally adjusted series for the value of total commercial finance commitments decreased 1.6 % in January 2010. Revolving credit commitments fell 6.7%, while fixed lending commitments rose 0.3%.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 1.0% in January 2010, following an increase of 1.2% in December 2009. The seasonally adjusted series rose 2.4% in January 2010.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
The value of lease finance commitments (trend) decreased 1.8% in January 2010. The seasonally adjusted series decreased 10.3%.