Australian Bureau of Statistics

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5671.0 - Lending Finance, Australia, Apr 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 11/06/2004   
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APRIL KEY FIGURES

Mar 2004
Apr 2004
Mar 2004 to Apr 2004
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
9,837
9,758
-0.8
Personal finance
6,601
6,604
-
Commercial finance
23,867
23,752
-0.5
Lease finance
509
500
-1.8
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
9,951
10,015
0.6
Personal finance
6,590
6,748
2.4
Commercial finance
23,455
26,201
11.7
Lease finance
539
506
-6.1

- nil or rounded to zero (including null cells)

Personal finance
Graph: Personal finance

Commercial finance
Graph: Commercial fianace



APRIL KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

  • The total value of owner-occupied housing commitments increased by 0.6% (seasonally adjusted) in April 2004. The trend series decreased by 0.8%.


PERSONAL FINANCE
  • The seasonally adjusted series for total personal finance commitments rose by 2.4% in April 2004. The fixed lending series decreased by 0.8% and revolving credit commitments increased by 4.7%.
  • The total personal finance trend series remained virtually unchanged in April 2004 after four consecutive monthly falls.


COMMERCIAL FINANCE
  • The total commercial finance series (seasonally adjusted) rose by 11.7% in April 2004, due mainly to an increase in revolving credit commitments of 30.9%. Fixed lending commitments increased by 2.5%.
  • The purchase of dwellings by individuals for rent and resale (seasonally adjusted) increased by 4.3% in April 2004, the second consecutive monthly increase after four successive monthly decreases.
  • The trend series for total commercial finance decreased by 0.5% in April 2004. A decrease was recorded in fixed lending (down 0.7%). Revolving credit was steady in April.


LEASE FINANCE
  • Lease finance (seasonally adjusted) decreased by 6.1% in April 2004, following an increase of 2.1% in the previous month.
  • The lease finance trend fell by 1.8% in April 2004.


NOTES

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Vincent Nguyen on Canberra (02) 6252 6398.



LENDING FINANCE SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of commitments excluding alterations and additions (seasonally adjusted) increased by 0.6% in April 2004. The trend series decreased by 0.8%.


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



PERSONAL FINANCE

The seasonally adjusted series for total personal finance rose by 2.4% to $6 748 million in April 2004, the second consecutive monthly increase. Fixed lending decreased by 0.8% and revolving credit commitments increased by 4.7%.


The total personal finance commitments trend series was steady in April 2004. The trend for revolving credit commitments increased by 0.3%, while the fixed lending trend fell for a sixth successive month (down 0.3%).


In original terms, fixed lending commitments decreased by 15.5% to $2 635 million in April 2004. This fall returned total fixed lending to levels experienced before March.



COMMERCIAL FINANCE

The seasonally adjusted total commercial finance series increased by 11.7% in April 2004. Revolving credit commitments and fixed lending commitments rose by 30.9% and 2.5%, respectively.


The total commercial finance trend estimate decreased by 0.5% in April 2004. The fixed lending trend fell by 0.7%, while revolving credit remained virtually unchanged.


The seasonally adjusted purchase of dwellings for rent or resale by individuals series increased to $4 875 million (up 4.3%) in April 2004, the second consecutive monthly increase following previous four successive monthly decreases. The trend series fell by 2.2% in April, a relatively weaker trend decline compared to the previous five months.

Purchase of Dwellings by Individuals for Rent or Resale
Graph: Purchase of Dwellings by Individuals for Rent or Resale




LEASE FINANCE

In seasonally adjusted terms, the lease finance series decreased by 6.1% to $506 million in April 2004, following a 2.1% increase in the previous month. The lease finance trend series fell by 1.8%, the sixth successive monthly decrease.

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