SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The trend series for the total value of owner occupied housing commitments excluding alterations and additions decreased 0.4% and the seasonally adjusted series decreased 2.9%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 12 January 2010.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments increased 0.1% in November 2009 compared with October 2009. Revolving credit commitments rose 0.8%, while fixed lending commitments fell 0.5%.
In seasonally adjusted terms, the value of total personal finance commitments increased 1.1% in November 2009. Revolving credit commitments rose 2.5%, while fixed lending commitments fell 0.4%.
In original terms, fixed lending commitments decreased 0.7% (down $23m) in November 2009 compared with October 2009. The major movements in the original series were other, up $74m (10.2%), which was more than offset by falls in individual residential blocks of land, down $57m (9.6%) and refinancing, down $20m (2.0%).
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments decreased 1.3% in November 2009 compared with October 2009. Revolving credit commitments and fixed lending commitments fell 3.5% and 0.4% respectively.
The seasonally adjusted series for the value of total commercial finance commitments increased 4.0% in November 2009. Fixed lending commitments rose 8.5%, while revolving credit commitments fell 6.9%.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 1.0% in November 2009, following an increase of 1.1% in October 2009. The seasonally adjusted series rose 2.5% in November 2009.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of lease finance commitments (trend) decreased 0.8% in November 2009. The seasonally adjusted series decreased 3.0%.
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