• Summary
• Downloads
• Explanatory Notes
• Related Information
• Past Releases

SEPTEMBER KEY FIGURES

		Aug 2006	Sep 2006	Aug 2006 to Sep 2006
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation	13 933	13 908	-0.2
	Personal finance	6 657	6 574	-1.2
	Commercial finance	32 647	33 053	1.2
	Lease finance	514	502	-2.3
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation	13 886	13 560	-2.3
	Personal finance	6 617	6 484	-2.0
	Commercial finance	33 128	37 834	14.2
	Lease finance	501	498	-0.6

Personal finance

Commercial finance

SEPTEMBER KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

September 2006 COMPARED WITH August 2006:

• The total value of owner occupied housing commitments excluding alterations and additions decreased by 2.3% (seasonally adjusted), while the trend series fell 0.2%.

• The seasonally adjusted series for the value of total personal finance commitments fell by 2.0%. This decrease was due to decreases in revolving credit commitments (down 2.1%) and fixed lending commitments (down 1.9%).
• The trend series for the value of total personal finance fell 1.2% due to a decrease in revolving credit commitments (down 2.3%) with fixed lending commitments remaining virtually unchanged.

• The seasonally adjusted series for the value of total commercial finance commitments rose by 14.2%. This increase was due to an increase in revolving credit commitments (up 65.4%) more than offsetting a decrease in fixed lending commitments (down 7.2%).
• The trend series for the value of total commercial finance commitments rose by 1.2%. Increases were recorded for both revolving credit commitments (up 3.4%) and fixed lending commitments (up 0.2%).

• Lease finance commitments (seasonally adjusted) decreased by 0.6%. The lease finance trend series fell by 2.3%.

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.

TIME SERIES DATA


TIME SERIES SPREADSHEETS

Data available free on the ABS web site <https://www.abs.gov.au> include:

• longer time series of tables in this publication, and
• the following tables:
  C1a. Commercial finance commitments (original, seasonally adjusted, trend)
  C1b. Commercial finance commitments, fixed loans and revolving credit
  C1c. Commercial finance commitments, fixed loans and revolving credit by lender
  C1d. Commercial finance commitments, fixed loans by industry
  C1e. Commercial finance commitments, revolving credit by industry
  C2 to C9. Commercial finance commitments, fixed loans and revolving credit by state and territory
  L1a. Lease finance commitments, summary (original, seasonally adjusted, trend)
  L1b. Lease finance commitments by purpose
  L1c. Lease finance commitments by purpose and lender
  L1d. Lease finance commitments by industry
  L2 to L9. Lease finance commitments by purpose and state and territory
  OL1b. Operating lease finance commitments by purpose
  OL1c. Operating lease finance commitments by lender
  OL1d. Operating lease finance commitments by industry
  OL2 to OL9. Operating lease finance commitments by purpose and state and territory
  P1a. Personal finance commitments, summary (original, seasonally adjusted, trend)
  P1b. Personal finance commitments, fixed loans and revolving credit
  P1c. Personal finance commitments, fixed loans and revolving credit by lender
  P2 to P9. Personal finance commitments, fixed loans and revolving credit by state and territory
  13 Lending Finance Seasonal Factors, By Purpose and Lender: Australia, January 1985 to September 2007.

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 2.0% in September 2006 compared with August 2006. This fall was due to a decrease in revolving credit commitments (down 2.1%) and fixed lending commitments (down 1.9%).

In trend terms, the value of total personal finance fell 1.2% in September 2006. The trend series for revolving credit commitments fell 2.3%, while fixed lending commitments remained virtually unchanged.

In original terms, fixed lending commitments decreased by $283m (down 8.9%) in September 2006 compared with August 2006.

Movements in the original series contributing to this decrease were:

• Refinancing, down $90m (-11.5%), compared with an average August to September increase of 0.8% over the previous three years.
• Debt consolidation, down $62m (-17.2%) compared with an average August to September increase of 3.7% over the previous three years.

The trend series for commercial finance commitments increased 1.2% in September 2006. An increase was recorded for both revolving credit commitments (up 3.4%), and fixed lending commitments (up 0.2%).

The value of purchases of dwellings by individuals for rent or resale (seasonally adjusted) fell by 12.5% in September 2006, after a revised decrease of 0.1% in August 2006. The trend series fell 2.6% in September 2006.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE