5671.0 - Lending Finance, Australia, Sep 2005

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

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Main Features
About this Release

SEPTEMBER KEY FIGURES

		Aug 2005	Sep 2005	Aug 2005 to Sep 2005
		$m	$m	% change

TREND ESTIMATES
	Housing finance for owner occupation	11 992	12 121	1.1
	Personal finance	6 000	6 015	0.3
	Commercial finance	25 686	25 694	-
	Lease finance	530	537	1.3
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation	11 976	12 422	3.7
	Personal finance	6 083	6 007	-1.2
	Commercial finance	24 498	26 316	7.4
	Lease finance	540	555	2.8

- nil or rounded to zero (including null cells)

Personal finance
Graph: Personal finance

Commercial finance
Graph: Commercial finance

SEPTEMBER KEY POINTS

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner-occupied housing commitments excluding alterations and additions increased by 3.7% (seasonally adjusted) in September 2005, while the trend series rose 1.1%

PERSONAL FINANCE

The seasonally adjusted series for the value of total personal finance commitments fell by 1.2% in September 2005. This decrease was due to a fall in revolving credit (down 2.3%) more than offsetting an increase in fixed lending (0.2%).
The value of total personal finance trend series rose by 0.3% in September 2005. This increase was due to an increase in revolving credit commitments (0.7%) which more than offset a decrease in fixed lending commitments (down 0.3%).

COMMERCIAL FINANCE

The seasonally adjusted series for the value of total commercial finance increased by 7.4% in September 2005. The fixed lending series increased 6.7% while revolving credit increased 8.8%.
The total trend series for total commercial finance remained flat in September 2005. Fixed lending decreased 0.3%, while revolving credit increased by 0.6%.
The value of purchase of dwellings by individuals for rent or resale (seasonally adjusted) series fell by 0.5% in September 2005, the third consecutive monthly decrease.

LEASE FINANCE

Lease finance (seasonally adjusted) increased by 2.8% in September 2005, the third consecutive monthly increase. The lease finance trend series rose by 1.3% in September 2005.

NOTES

FORTHCOMING ISSUES

ISSUE	Release Date
October 2005	9 December 2005
November 2005	19 January 2006
December 2005	14 February 2006
January 2006	14 March 2006
February 2006	11 April 2006
March 2006	16 May 2006

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 Michael Abbondante on Canberra (02) 6252 6707.

SUMMARY OF FINDINGS

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of commitments excluding alterations and additions increased by 3.7% (seasonally adjusted) in September 2005, while the trend series rose 1.1%

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

PERSONAL FINANCE

In seasonally adjusted terms, the value of total personal finance commitments fell by 1.2% in September 2005. Fixed lending rose by 0.2% but was more than offset by revolving credit which fell 2.3%.

The total personal finance commitments trend series rose by 0.3% in September 2005, the third consecutive monthly increase.

The trend for fixed lending commitments fell by 0.3% in September, while revolving credit increased 0.7% for the month.

In original terms, fixed lending commitments decreased by $38m (down 1.4%) in September 2005. This decrease in the fixed lending series (original) was driven by total motor vehicles, down $67m (down 7.4%).

COMMERCIAL FINANCE

The value of total commercial finance (seasonally adjusted) increased by 7.4% in September 2005. This increase was driven by increases in both the fixed lending series (up 6.7%) and revolving credit series (up 8.8%).

The trend series for total commercial finance remained virtually unchanged in September 2005. A decrease in fixed lending (0.3%) was balanced by an increase in revolving credit (0.6%).

The value of purchase of dwellings by individuals for rent or resale (seasonally adjusted) series fell by 0.5% in September 2005, after a decrease of 1.8% in August 2005. The trend series fell by 1.4% in September 2005, continuing a run of decreases occurring since March 2005.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE

LEASE FINANCE

Lease finance (seasonally adjusted) increased by 2.8% in September 2005. The lease finance trend rose by 1.3% in September 2005, the third consecutive monthly increase.

ADDITIONAL TABLES ON AUSSTATS

TABLES AVAILABLE ON AUSSTATS

Additional tables are available from the AusStats service on <https://www.abs.gov.au> by selecting Time Series Spreadsheets and then Finance.

Tables available are:

longer time series of tables in this publication
the following tables