5671.0 - Lending Finance, Australia, Aug 2007  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 15/10/2007   
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AUGUST KEY FIGURES

Jul 2007
Aug 2007
Jul 2007 to Aug 2007
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
15 535
15 570
0.2
Personal finance
6 953
6 939
-0.2
Commercial finance
42 743
43 587
2.0
Lease finance
543
535
-1.4
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
15 063
15 315
1.7
Personal finance
6 739
6 524
-3.2
Commercial finance
38 868
45 074
16.0
Lease finance
537
549
2.3

Personal finance
Personal Finance

Commercial finance
Commercial Finance



AUGUST KEY POINTS


AUGUST 2007 COMPARED WITH JULY 2007:

HOUSING FINANCE FOR OWNER OCCUPATION

  • The total value of owner occupied housing commitments excluding alterations and additions increased by 1.7% (seasonally adjusted) while the trend series rose 0.2%.


PERSONAL FINANCE
  • The seasonally adjusted series for the value of total personal finance commitments fell by 3.2%. This decrease was due to falls in both revolving credit commitments (down 5.7%) and fixed lending commitments (down 0.1%).
  • The trend series for the value of total personal finance fell 0.2%, due to a fall in fixed lending commitments (down 0.9%), while revolving credit commitments rose (up 0.4%).


COMMERCIAL FINANCE
  • The seasonally adjusted series for the value of total commercial finance commitments rose by 16.0%. This increase was due to a rise in both fixed lending commitments (up 22.1%) and revolving credit commitments (up 5.5%).
  • The trend series for the value of total commercial finance commitments rose 2.0%. This was due to a rise in fixed lending commitments (up 4.1%) while revolving credit commitments fell (down 1.8%).


LEASE FINANCE
  • Lease finance commitments (seasonally adjusted) increased by 2.3%. The lease finance trend series fell by 1.4%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
September 2007 12 November 2007
October 2007 12 December 2007
November 2007 21 January 2008
December 2007 13 February 2008
January 2008 12 March 2008
February 2008 15 April 2008



REVISIONS

Revisions were made to include the latest available administrative and survey data.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Philip Beresford on Canberra (02) 6252 6052.