SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions remained flat in trend terms, while the seasonally adjusted series rose 1.3%.
For further information, please refer to Housing Finance, Australia (cat.no. 5609.0), which was released on 13 March 2013.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.4% in January 2013 compared with December 2012. Revolving credit commitments rose 0.5% and fixed lending commitments rose 0.3%.
In seasonally adjusted terms, the value of total personal finance commitments fell 0.1%. Fixed lending commitments fell 0.3%, while revolving credit commitments rose 0.1%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 0.2% in January 2013 compared with December 2012. Fixed lending commitments rose 0.3%, while revolving credit commitments was flat.
The seasonally adjusted series for the value of total commercial finance commitments fell 8.7% in January 2013, after a rise of 9.0% in December 2012 and a fall of 8.3% in November 2012. Revolving credit commitments fell 18.0%, after a rise of 9.5% in the previous month. Fixed lending commitments fell 4.9%, after a rise of 8.8% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 1.1% in January 2013 and the seasonally adjusted series rose 2.0%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) fell 2.3% in January 2013. The seasonally adjusted series rose 14.0%, after a fall of 15.2% in December 2012.
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