Commercial finance is finance provided to individuals and corporations for business or investment purposes, including for the construction or purchase of dwellings for rental or resale.
In 2003-04, there was $1,387.1 million in commercial fixed loan commitments in Tasmania, an increase of 35.2% on the 2002-03 figure of $1,025.6 million.
From 2002-03 to 2003-04, the largest increase in commercial fixed loans was recorded in purchase of real property, which increased by $89.8 million or 48.0%.
COMMERCIAL FINANCE COMMITMENTS, Value of Fixed Loans, Tasmania
|
 | 2000-01 | 2001-02 | 2002-03 | 2003-04 |
| | | | |
| Purpose | $m | $m | $m | $m |
|
| Construction finance | 23.2 | 29.8 | 23.4 | 28.5 |
| Purchase of real property(a) | 203.7 | 278.7 | 469.2 | 662.0 |
| Plant and equipment | 138.7 | 247.9 | 186.9 | 276.7 |
| Refinancing | 66.2 | 63.3 | 66.5 | 72.4 |
| Other (includes wholesale finance) | 204.7 | 226.7 | 230.4 | 220.6 |
| Total fixed loans | 636.5 | 868.6 | 1,025.6 | 1,387.1 |
(a) Purchase of real property includes those finance commitments to individuals for the purchase of dwellings for rental or sale.
Source: Lending Finance, Australia - Time Series Spreadsheet (cat. no. 5671.0, table C7). |
Print Page
Print All