SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 0.4% in trend terms and the seasonally adjusted series rose 1.8%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 8 August 2014.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.9% in June 2014 compared with May 2014. Revolving credit commitments rose 2.2%, while fixed lending commitments fell 0.2%.
In seasonally adjusted terms, the value of total personal finance commitments fell 1.8%. Revolving credit commitments fell 3.3% and fixed lending commitments fell 0.6%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 1.8% in June 2014 compared with May 2014. Revolving credit commitments rose 8.5%, while fixed lending commitments fell 1.1%.
The seasonally adjusted series for the value of total commercial finance commitments rose 12.1% in June 2014, after a fall of 5.9% in May 2014. Revolving credit commitments rose 38.4%, following a rise of 9.2% in the previous month. Fixed lending commitments rose 0.9%, after a fall of 11.1% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.6% in June 2014 and the seasonally adjusted series rose 1.0%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The trend series for the value of total lease finance commitments rose 0.9% in June 2014 and the seasonally adjusted series rose 1.2%, following a rise of 22.5% in May 2014.
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