5671.0 - Lending Finance, Australia, Aug 2008

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/10/2008

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Main Features Summary of findings TIME SERIES DATA About this Release	SUMMARY OF FINDINGS HOUSING FINANCE FOR OWNER OCCUPATION The trend series for the total value of owner occupied housing commitments excluding alterations and additions decreased 1.5% and the seasonally adjusted series fell 2.1%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 8 October 2008. PERSONAL FINANCE In trend terms, the value of total personal finance fell 0.8% in August 2008 compared with July 2008. This was due to a fall in both fixed lending commitments (down 1.4%), and revolving credit commitments (down 0.3%). In seasonally adjusted terms, the value of total personal finance commitments fell 5.2% in August 2008. This was due to a fall in revolving credit commitments (down 7.4%) and fixed lending commitments (down 2.3%). In original terms, fixed lending commitments decreased by $350m (down 11.7%) in August 2008 compared with July 2008. Movements in the original series contributing to this decrease were: Other, down $95m (12.7%) Refinancing, down $89m (14.1%) Total motor vehicles, down $66m (7.7%) COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments fell 2.1% in August 2008 compared with July 2008. This was due to a fall in both fixed lending commitments (down 3.1%) and revolving credit commitments (down 0.4%). The seasonally adjusted series for the value of total commercial finance commitments fell 7.9% in August 2008. This decrease was due to a fall in fixed lending commitments (down 14.6%), while revolving credit commitments rose 4.2%. The value of purchases of dwellings by individuals for rent or resale (trend) fell 1.4% in August 2008, after a decrease of 2.3% in July 2008. The seasonally adjusted series rose by 1.2% in August 2008. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) fell 0.9% in August 2008, while the seasonally adjusted series fell 3.2%. Document Selection These documents will be presented in a new window.