5671.0 - Lending Finance, Australia, Sep 2007  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/11/2007   
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SEPTEMBER KEY FIGURES

Aug 2007
Sep 2007
Aug 2007 to Sep 2007
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
15 366
15 265
-0.7
Personal finance
6 718
6 646
-1.1
Commercial finance
43 528
44 417
2.0
Lease finance
545
548
0.5
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
15 274
14 895
-2.5
Personal finance
6 482
6 494
0.2
Commercial finance
44 906
43 181
-3.8
Lease finance
554
564
1.9

Personal finance
Graph: Personal Finance

Commercial finance
Graph: Commercial Finance



SEPTEMBER KEY POINTS


SEPTEMBER 2007 COMPARED WITH AUGUST 2007:

HOUSING FINANCE FOR OWNER OCCUPATION

  • The total value of owner occupied housing commitments excluding alterations and additions decreased by 2.5% (seasonally adjusted) and the trend series fell 0.7%.


PERSONAL FINANCE
  • The seasonally adjusted series for the value of total personal finance commitments rose by 0.2%. This increase was due to a rise in revolving credit commitments (up 1.0%), substantially offset by a fall in fixed lending commitments (down 0.8%).
  • The trend series for the value of total personal finance fell 1.1%, due to a fall in both fixed lending commitments (down 1.5%) and revolving credit commitments (down 0.7%).


COMMERCIAL FINANCE
  • The seasonally adjusted series for the value of total commercial finance commitments fell by 3.8%. This decrease was due to a fall in fixed lending commitments (down 6.3%), while revolving credit commitments rose (up 1.1%).
  • The trend series for the value of total commercial finance commitments rose 2.0%. This was due to a rise in both fixed lending commitments (up 3.0%) and revolving credit commitments (up 0.4%).


LEASE FINANCE
  • Lease finance commitments (seasonally adjusted) increased by 1.9%. The lease finance trend series rose by 0.5%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
October 2007 12 December 2007
November 2007 21 January 2008
December 2007 13 February 2008
January 2008 12 March 2008
February 2008 15 April 2008
March 2008 13 May 2008



REVISIONS

Revisions were made to Personal Finance and Commercial Finance to include the latest available administrative and survey data. The revisions impact data from October 2006 on.



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.