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5671.0 - Lending Finance, Australia, Apr 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 09/06/2006   
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APRIL KEY FIGURES

Mar 2006
Apr 2006
Mar 2006 to Apr 2006
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
13 113
13 196
0.6
Personal finance
6 697
6 846
2.2
Commercial finance
32 218
31 699
-1.6
Lease finance
596
581
-2.5
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
13 156
13 286
1.0
Personal finance
6 799
6 865
1.0
Commercial finance
34 722
27 411
-21.1
Lease finance
557
537
-3.5

Personal finance
Graph: PERSONAL FINANCE

Commercial finance
Graph: COMMERCIAL FINANCE



APRIL KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

April 2006 COMPARED WITH March 2006:

  • The total value of owner-occupied housing commitments excluding alterations and additions increased by 1.0% (seasonally adjusted), while the trend series rose 0.6%.


PERSONAL FINANCE

April 2006 COMPARED WITH March 2006:
  • The seasonally adjusted series for the value of total personal finance commitments rose by 1.0%. This increase was due to an increase in revolving credit commitments (up 2.1%), partially offset by a decrease in fixed lending commitments (down 0.6%).
  • The trend series for the value of total personal finance commitments rose by 2.2% due to increases in both revolving credit commitments (up 3.7%) and fixed lending (up 0.3%).


COMMERCIAL FINANCE

April 2006 COMPARED WITH March 2006:
  • The seasonally adjusted series for the value of total commercial finance commitments fell by 21.1%. This decrease was due to decreases in both revolving credit commitments (down 29.8%) and fixed lending commitments (down 17.0%).
  • The trend series for the value of total commercial finance commitments fell by 1.6%. Revolving credit decreased by 3.9%, while fixed lending commitments fell by 0.5%.


LEASE FINANCE

April 2006 COMPARED WITH March 2006:
  • Lease finance commitments (seasonally adjusted) decreased by 3.5%. The lease finance trend series fell by 2.5%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
May 2006 12 July 2006
June 2006 11 August 2006
July 2006 11 September 2006
August 2006 13 October 2006
September 2006 13 November 2006
October 200612 December 2006


CHANGES IN THIS ISSUE

There are no significant changes to this issue.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Michael Abbondante on Canberra (02) 6252 6707.



SUMMARY COMMENTARY


TIME SERIES DATA


TIME SERIES DATA

Data available free on the ABS web site <http://www.abs.gov.au> include:

  • longer time series of tables in this publication, and
  • the following tables:
      C1a. Commercial finance commitments (original, seasonally adjusted, trend)
      C1b. Commercial finance commitments, fixed loans and revolving credit
      C1c. Commercial finance commitments, fixed loans and revolving credit by lender
      C1d. Commercial finance commitments, fixed loans by industry
      C1e. Commercial finance commitments, revolving credit by industry
      C2 to C9. Commercial finance commitments, fixed loans and revolving credit by state and territory
      L1a. Lease finance commitments, summary (original, seasonally adjusted, trend)
      L1b. Lease finance commitments by purpose
      L1c. Lease finance commitments by purpose and lender
      L1d. Lease finance commitments by industry
      L2 to L9. Lease finance commitments by purpose and state and territory
      OL1b. Operating lease finance commitments by purpose
      OL1c. Operating lease finance commitments by lender
      OL1d. Operating lease finance commitments by industry
      OL2 to OL9. Operating lease finance commitments by purpose and state and territory
      P1a. Personal finance commitments, summary (original, seasonally adjusted, trend)
      P1b. Personal finance commitments, fixed loans and revolving credit
      P1c. Personal finance commitments, fixed loans and revolving credit by lender
      P2 to P9. Personal finance commitments, fixed loans and revolving credit by state and territory
      13 Lending Finance Seasonal Factors, By Purpose and Lender: Australia, January 1985 to April 2007.


SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions increased by 1.0% (seasonally adjusted) in April 2006 compared with March 2006, while the trend series rose 0.6%


For further information, please refer to Housing Finance, Australia (cat. no. 5609.0).



PERSONAL FINANCE

In seasonally adjusted terms, the value of total personal finance commitments rose by 1.0% in April 2006 compared with March 2006. This rise was due to an increase in revolving credit commitments (up 2.1%), partially offset by a decrease in fixed lending commitments (down 0.6%).


In trend terms, the value of total personal finance commitments rose by 2.2% in April 2006. The trend series for revolving credit commitments rose 3.7%, while fixed lending commitments increased by 0.3%.


In original terms, fixed lending commitments decreased by $758m (down 24.4%) in April 2006 compared with March 2006. Movements in the original series contributing to this decrease were:

  • Purchase of motor vehicles, down $206m (-24.5%), compared with an average March to April decrease of 10.6% over the previous three years.

  • Refinancing, down $194m (-27.3%), compared with an average March to April decrease of 11.0% over the previous three years and,



COMMERCIAL FINANCE

The seasonally adjusted series for the value of total commercial finance commitments fell by 21.1% in April 2006. The decrease was due to the decreases in both revolving credit commitments (down 29.8%) and fixed lending commitments (down 17.0%)


The trend series for the value of total commercial finance commitments decreased 1.6% in April 2006. A decrease was recorded for revolving credit commitments (down 3.9%), while fixed lending commitments fell 0.5%.


The value of purchases of dwellings by individuals for rent or resale (seasonally adjusted) rose by 0.8% in April 2006, building on a increase of 0.9% in March 2006. The trend series fell by 0.3%, the second consecutive monthly decrease.

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




LEASE FINANCE

The value of lease finance commitments (seasonally adjusted) decreased by 3.5%. The trend series for lease finance commitments fell by 2.5%.

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