5671.0 - Lending Finance, Australia, Jul 2008

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/09/2008

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Main Features Summary of findings TIME SERIES DATA About this Release	SUMMARY OF FINDINGS HOUSING FINANCE FOR OWNER OCCUPATION The trend series for the total value of owner occupied housing commitments excluding alterations and additions decreased 2.6% and the seasonally adjusted series fell 0.1%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 September 2008. PERSONAL FINANCE In trend terms, the value of total personal finance fell 0.5% in July 2008 compared with June 2008. This was due to a fall in fixed lending commitments (down 2.0%), while revolving credit commitments rose 0.6%. In seasonally adjusted terms, the value of total personal finance commitments fell 0.5% in July 2008. This was due to a fall in fixed lending commitments (down 3.7%), while revolving credit commitments rose 2.1%. In original terms, fixed lending commitments decreased by $221m (down 6.9%) in July 2008 compared with June 2008. Movements in the original series contributing to this decrease were: Refinancing, down $146m (18.8%) Other, down $57m (7.0%) Individual Residential Blocks of Land, down $40m (9.7%) COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments fell 4.6% in July 2008 compared with June 2008. This was due to a fall in both fixed lending commitments (down 5.0%) and revolving credit commitments (down 4.0%). The seasonally adjusted series for the value of total commercial finance commitments fell 1.8% in July 2008. This decrease was due to a fall in fixed lending commitments (down 3.2%), while revolving credit commitments rose 1.1%. The value of purchases of dwellings by individuals for rent or resale (trend) fell 2.7% in July 2008, after a decrease of 3.3% in June 2008. The seasonally adjusted series fell by 2.8% in July 2008. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) fell 0.9% in July 2008, while the seasonally adjusted series fell 5.6%. Document Selection These documents will be presented in a new window.