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 rose 1.1% and the seasonally adjusted series rose 2.9%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 12 January 2011.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.7% in November 2010 compared with October 2010. Fixed lending commitments rose 1.5%, while revolving credit commitments was flat (0.0%).
In seasonally adjusted terms, the value of total personal finance commitments rose 2.2% in November 2010. Revolving credit commitments rose 2.5% and fixed lending commitments rose 2.0%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 1.1% in November 2010 compared with October 2010. Revolving credit commitments rose 1.8% and fixed lending commitments rose 0.7%.
The seasonally adjusted series for the value of total commercial finance commitments rose 1.0% in November 2010. Fixed lending commitments rose 3.8%, while revolving credit commitments fell 4.9%.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 0.4% in November 2010, following a fall of 0.7% in October 2010. The seasonally adjusted series fell 0.8% in November 2010.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) rose 1.1% in November 2010. The seasonally adjusted series rose 0.5%.
FINANCE FOR MOTOR VEHICLES
(Table 9)
In November 2010, the original series for the value of personal finance commitments for motor vehicles rose to $996m, the highest level since March 2004 ($1,013m). Personal finance commitments for new motor cars and station wagons rose to $400m, the highest level since August 2000 ($454m).
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