5671.0 - Lending Finance, Australia, Aug 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/10/2008   
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AUGUST KEY FIGURES

Jul 2008
Aug 2008
Jul 2008 to Aug 2008
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
12 210
12 028
-1.5
Personal finance
6 408
6 356
-0.8
Commercial finance
30 656
30 014
-2.1
Lease finance
559
554
-0.9
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
12 386
12 123
-2.1
Personal finance
6 582
6 240
-5.2
Commercial finance
32 095
29 571
-7.9
Lease finance
559
541
-3.2


Personal finance
Graph: PERSONAL FINANCE

Commercial finance
Graph: COMMERCIAL FINANCE




AUGUST KEY POINTS


AUGUST 2008 COMPARED WITH JULY 2008:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions decreased both in trend terms (down 1.5%) and seasonally adjusted (down 2.1%).


PERSONAL FINANCE
  • The trend series for the value of total personal finance fell 0.8%, due to a fall in both fixed lending commitments (down 1.4%) and revolving credit commitments (down 0.3%).
  • The seasonally adjusted series for the value of total personal finance commitments fell 5.2%, due to a fall in both revolving credit commitments (down 7.4%) and fixed lending commitments (down 2.3%).


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments fell 2.1%. 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%. This decrease was due to a fall in fixed lending commitments (down 14.6%), while revolving credit commitments rose 4.2%.


LEASE FINANCE
  • Lease finance commitments (trend) fell by 0.9% and the seasonally adjusted series fell by 3.2%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
September 2008 12 November 2008
October 2008 15 December 2008
November 2008 19 January 2009
December 2008 16 February 2009
January 2009 16 March 2009
February 2009 14 April 2009



REVISIONS

Revisions were made to Personal and Commercial Finance to include the latest available administrative and survey data.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Philip Beresford on Canberra (02) 6252 6052.