5671.0 - Lending Finance, Australia, Apr 2005

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/06/2005

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Main Features
About this Release

APRIL KEY FIGURES

		Mar 2005	Apr 2005	Mar 2005 to Apr 2005
		$m	$m	% change

TREND ESTIMATES
	Housing finance for owner occupation	11,795	11,935	1.2
	Personal finance	6,087	6,051	-0.6
	Commercial finance	25,096	24,920	-0.7
	Lease finance	541	548	1.4
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation	11,864	11,830	-0.3
	Personal finance	5,978	6,106	2.1
	Commercial finance	26,841	23,177	-13.7
	Lease finance	515	575	11.7

Personal finance
Graph: Value of personal finance

Commercial finance
Graph: Value of commercial finance

APRIL KEY POINTS

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner-occupied housing commitments excluding alterations and additions decreased by 0.3% (seasonally adjusted) in April 2005. The trend series increased by 1.2%.

PERSONAL FINANCE

The seasonally adjusted series for total personal finance commitments rose by 2.1% in April 2005. Fixed lending and revolving credit commitments increased by 1.6% and 2.5%, respectively.
The total personal finance trend series fell by 0.6% in April 2005. The trend for fixed lending and revolving credit commitments decreased by 1.0% and 0.2%, respectively.

COMMERCIAL FINANCE

The total commercial finance series (seasonally adjusted) decreased by 13.7% in April 2005. The decrease in revolving credit (down 50.9%) more than offset the increase in fixed lending (up 12.5%).
The purchase of dwellings by individuals for rent or resale (seasonally adjusted) series rose slightly by 0.3% in April 2005, after a decrease of 1.7% in March.
The trend series for total commercial finance fell by 0.7% in April 2005. This fall was due to the decreases in fixed lending (down 0.1%) and revolving credit (down 1.9%).

LEASE FINANCE

Lease finance (seasonally adjusted) increased by 11.7% in April 2005, after a fall of 7.0% in March.
The lease finance trend rose by 1.4% in April 2005, the ninth monthly increase over the last eleven months.

NOTES

CHANGES IN THIS ISSUE

There are no changes in this issue.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Vincent Nguyen on Canberra (02) 6252 6398.

SUMMARY OF FINDINGS

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of commitments excluding alterations and additions (seasonally adjusted) decreased by 0.3% in April 2005. The trend series increased by 1.2%

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0).

PERSONAL FINANCE

In seasonally adjusted terms, total personal finance rose by 2.1% in April 2005. Fixed lending and revolving credit commitments increased by 1.6% and 2.5%, respectively.

The total personal finance commitments trend series decreased by 0.6% in April 2005, the fifth consecutive monthly decrease. The fixed lending trend series decreased by 1.0%, while the revolving credit series fell by 0.2% in April.

COMMERCIAL FINANCE

Total commercial finance (seasonally adjusted) decreased by 13.7% in April 2005, following an increase of 3.7% in March. The increase in the seasonally adjusted series was driven by a decrease in revolving credit commitments (down 50.9%) which was partly offset by an increase in fixed lending (up 12.5%).

The trend series for total commercial finance decreased by 0.7% in April 2005, the fifth monthly decrease following six consecutive monthly increases. This fall was due to the decreases in fixed lending (down 0.1%) and revolving credit (down 1.9%).

The seasonally adjusted purchase of dwellings for rent or resale by individuals series rose slightly by 0.3% to $4,755m in April 2005. The trend series increased by 0.2% in April 2005, the eighth consecutive monthly increase but at a decelerating rate.

Graph: Purchase of dwellings by individuals for rent or resale

LEASE FINANCE

Total lease finance (seasonally adjusted) rose by 11.7% to $575m in April 2005. The lease finance trend series rose by 1.4%, the ninth monthly increase over the last eleven months.

ADDITIONAL TABLES ON AUSSTATS

TABLES AVAILABLE ON AUSSTATS

Additional tables are available from the AusStats as Time Series Spreadsheets. Select 56. Finance, then 5671.0 - Lending Finance, Australia.

Tables available are:

longer time series of tables in this publication
the following tables