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5671.0 - Lending Finance, Australia, Feb 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/04/2005   
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FEBRUARY KEY FIGURES

Jan 2005
Feb 2005
Jan 2005 to Feb 2005
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
11,370
11,576
1.8
Personal finance
6,241
6,219
-0.4
Commercial finance
25,798
25,590
-0.8
Lease finance
539
537
-0.5
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
11,274
11,835
5.0
Personal finance
6,276
6,153
-2.0
Commercial finance
24,825
25,893
4.3
Lease finance
530
553
4.4

Personal finance
Graph: Personal Finance

Commercial finance
Graph: Commercial Finance



FEBRUARY KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

  • The total value of owner-occupied housing commitments excluding alterations and additions increased by 5.0% (seasonally adjusted) in February 2005. The trend series increased by 1.8%.


PERSONAL FINANCE
  • The seasonally adjusted series for total personal finance commitments fell by 2.0% in February 2005. Fixed lending and revolving credit commitments decreased by 1.2% and 2.6%, respectively.
  • The total personal finance trend series fell by 0.4% in February 2005, the third consecutive month of slight decreases.


COMMERCIAL FINANCE
  • The total commercial finance series (seasonally adjusted) increased by 4.3% in February 2005. Fixed lending and revolving credit commitments increased by 1.6% and 9.4%, respectively.
  • The purchase of dwellings by individuals for rent or resale (seasonally adjusted) series rose by 2.2% in February 2005, after a fall of 1.2% in the previous month.
  • The trend series for total commercial finance fell by 0.8% in February 2005. This fall was due to decreases in both fixed lending (down 0.6%) and revolving credit (down 1.2%).


LEASE FINANCE
  • Lease finance (seasonally adjusted) increased by 4.4% in February 2005.
  • The lease finance trend fell by 0.5% in February 2005, the third decrease following six consecutive monthly increases.


NOTES

CHANGES IN THIS ISSUE

There are no changes in this issue.



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.



SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of commitments excluding alterations and additions (seasonally adjusted) increased by 5.0% in February 2005. The trend series increased by 1.8%.


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



PERSONAL FINANCE

In seasonally adjusted terms, total personal finance fell by 2.0% in February 2005. Fixed lending and revolving credit commitments decreased by 1.2% and 2.6%, respectively. The total personal finance trend series fell by 0.4%.


In original terms, fixed lending commitments increased by $303m (up 13.3%) in February 2005. Movements in the original series contributing to this increase were:

  • Other fixed lending, up $94m (17.4%) compared with an average January to February increase of 11.9% over the previous three years
  • Total motor vehicles, up $83m (11.0%) from the low January value, compared with an average January to February increase of 1.3% over the previous three years.


COMMERCIAL FINANCE

Total commercial finance (seasonally adjusted) increased to $25,893 million (up 4.3%) in February 2005. The increase in the seasonally adjusted series was driven by increases in fixed lending (up 1.6%) and revolving credit (up 9.4%).


The trend series for total commercial finance decreased by 0.8% in February 2005, the third monthly decrease following six consecutive monthly increases. Falls were recorded in fixed lending (down 0.6%) and revolving credit (down 1.2%).


The seasonally adjusted purchase of dwellings for rent or resale by individuals series increased to $4,914 million (up 2.2%) in February 2005. The trend series increased by 1.9% in February 2005, the sixth consecutive monthly increase.

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




LEASE FINANCE

Total lease finance (seasonally adjusted) increased to $553 million (up 4.4%) in February 2005. The lease finance trend series fell by 0.5% in February 2005, the third decrease following six consecutive monthly increases.



ADDITIONAL TABLES ON AUSSTATS


TABLES AVAILABLE ON AUSSTATS

Additional tables are available from the AusStats service on <http://www.abs.gov.au> by selecting Time Series Spreadsheets and then Finance.


Tables available are:

  • longer time series of tables in this publication
  • 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 February 2006

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