5671.0 - Lending Finance, Australia, Apr 2011  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 14/06/2011   
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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

(Table 1)

The total value of owner occupied housing commitments excluding alterations and additions fell 1.1% in trend terms, while the seasonally adjusted series rose 6.3%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 8 June 2011.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments fell 1.9% in April 2011 compared with March 2011. Revolving credit commitments fell 3.1% and fixed lending commitments fell 0.8%.

In seasonally adjusted terms, the value of total personal finance commitments rose 0.4% in April 2011. Fixed lending commitments rose 3.3%, while revolving credit commitments fell 2.8%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments fell 0.9% in April 2011 compared with March 2011. Fixed lending commitments fell 1.1% and revolving credit commitments fell 0.5%.

The seasonally adjusted series for the value of total commercial finance commitments fell 8.8% in April 2011, after a rise of 12.0% in March 2011. Fixed lending commitments fell 11.8%, after a rise of 15.2% in March 2011 and revolving credit commitments fell 1.8%.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 1.7% in April 2011, the 12th consecutive fall in the series. The seasonally adjusted series rose 3.1% in April 2011.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE



LEASE FINANCE

(Table 1)

The value of total lease finance commitments (trend) rose 0.1% in April 2011. The seasonally adjusted series rose 2.3%. This follows a rise of 11.2% in March 2011 and a fall of 11.6% in February 2011.