5671.0 - Lending Finance, Australia, Jan 2008

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/03/2008

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Main Features Summary of findings Time Series Data About this Release	SUMMARY OF FINDINGS HOUSING FINANCE FOR OWNER OCCUPATION The total value of owner occupied housing commitments excluding alterations and additions increased 0.8% (trend) and the seasonally adjusted series rose 1.7%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 11 March 2008. PERSONAL FINANCE In trend terms, the value of total personal finance rose 2.0% in January 2008 compared with December 2007. The trend series rose for both revolving credit commitments (up 2.1%) and fixed lending commitments (up 1.9%). In seasonally adjusted terms, the value of total personal finance commitments rose 0.1% in January 2008. This was due to a rise in fixed lending commitments (up 3.1%), while revolving credit commitments fell 2.3%. In original terms, fixed lending commitments increased by $62m (up 2.1%) in January 2008 compared with December 2007. Movements in the original series contributing to this increase were: Total Motor Vehicles, up $66m (8.6%) Refinancing, up $56m (8.4%) COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments rose 3.2% in January 2008 compared with December 2007. This was due to a rise in both fixed lending commitments (up 4.6%) and revolving credit commitments (up 0.6%). The seasonally adjusted series for the value of total commercial finance commitments rose 14.4% in January 2008. This increase was due to a rise in both revolving credit commitments (up 20.2%) and fixed lending commitments (up 12.0%). The value of purchases of dwellings by individuals for rent or resale (trend) fell 0.2% in January 2008, after a decrease of 1.1% in December 2007. The seasonally adjusted series rose by 0.3% in January 2008. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) increased by 0.9% in January 2008. The seasonally adjusted series for lease finance commitments rose by 7.3%. Document Selection These documents will be presented in a new window.