5671.0 - Lending Finance, Australia, Nov 2008

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 19/01/2009

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Main Features Summary of findings TIME SERIES DATA About this Release	SUMMARY OF FINDINGS HOUSING FINANCE FOR OWNER OCCUPATION The trend series for the total value of owner occupied housing commitments excluding alterations and additions increased 0.4% and the seasonally adjusted series rose 1.4%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 14 January 2009. PERSONAL FINANCE In trend terms, the value of total personal finance decreased 1.1% in November 2008 compared with October 2008. This was due primarily to a fall in fixed lending commitments (down 2.2%). In seasonally adjusted terms, the value of total personal finance commitments decreased 1.8% in November 2008. Fixed lending commitments fell (down 6.0%), as revolving credit commitments rose (up 1.5%). In original terms, fixed lending commitments decreased 13.4% (down $374m ) in November 2008 compared with October 2008. Movements in the original series contributing to this decrease were: Total motor vehicles, down $154m (18.6%) Other, down $111m (17.9%) Refinancing, down $66m (10.1%) COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments decreased 1.6% in November 2008 compared with October 2008. Revolving credit commitments fell 5.7%, while fixed lending commitments rose 0.5%. The seasonally adjusted series for the value of total commercial finance commitments decreased 10.4% in November 2008 compared with October 2008. This was due mainly to a fall in revolving credit commitments (down 27.6%), with fixed lending commitments also falling (down 1.5%). The value of purchases of dwellings by individuals for rent or resale (trend) increased 0.1% in November 2008, after a decrease of 0.2% in October 2008. The seasonally adjusted series fell by 7.4% in November 2008. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) decreased 0.9% in November 2008 and the seasonally adjusted series decreased 3.0%. Document Selection These documents will be presented in a new window.