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

DECEMBER KEY FIGURES

		Nov 2007	Dec 2007	Nov 2007 to Dec 2007
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation	15 393	15 458	0.4
	Personal finance	6 867	6 929	0.9
	Commercial finance	43 885	43 675	-0.5
	Lease finance	597	605	1.3
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation	15 481	15 554	0.5
	Personal finance	6 939	7 151	3.1
	Commercial finance	45 534	43 675	-4.1
	Lease finance	619	576	-7.0

Personal finance

Commercial finance

DECEMBER KEY POINTS


DECEMBER 2007 COMPARED WITH NOVEMBER 2007:

HOUSING FINANCE FOR OWNER OCCUPATION

• The total value of owner occupied housing commitments excluding alterations and additions trend series increased 0.4% and the seasonally adjusted series rose 0.5%.

• The trend series for the value of total personal finance rose 0.9%, due to a rise in both revolving credit commitments (up 1.1%) and fixed lending commitments (up 0.6%).
• The seasonally adjusted series for the value of total personal finance commitments rose 3.1%. This increase was due to revolving credit commitments (up 5.6%), which includes credit card facilities and other personal lines of credit and fixed lending commitments (up 0.1%).

• The trend series for the value of total commercial finance commitments fell 0.5%. This was due to a fall in revolving credit commitments (down 2.4%), while fixed lending commitments rose 0.5%.
• The seasonally adjusted series for the value of total commercial finance commitments fell 4.1%. This decrease was due to a fall in revolving credit commitments (down 19.1%), while fixed lending commitments rose 4.3%.

• Lease finance commitments (trend) increased by 1.3%. The lease finance seasonally adjusted series fell by 7.0%.

REVISIONS

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

COMMENT SOUGHT ON USE OF LENDING STATISTICS BY INDUSTRY

The Australian and New Zealand Standard Industrial Classification (ANZSIC), which is used to present lending finance statistics on an industry of borrower basis in the time series tables 17, 18, 30, and 41 of this release, has been updated. The ABS is currently in discussion with the Australian Prudential Regulation Authority (APRA) on the implementation of the revised 2006 version of ANZSIC.

Implementing the revised ANZSIC classification will require considerable effort from APRA and the finance sector businesses which provide information to APRA. Before any work commences, the ABS would like to identify current users of these lending statistics on an industry of borrower basis and the nature of the use that they are making of them.

Therefore, if you are a user of lending finance statistics presented on an "industry of borrower" basis, we would appreciate your advice on the use you make of them. Continuation of collection and release of industry statistics will depend on the extensiveness and nature of their use, as the ABS and APRA are required to avoid any unwarranted collection burden on businesses.

To contribute to this process, please contact Michael Abbondante by email at m.abbondante@abs.gov.au or by telephone on (02) 6252 6707 before 22 February 2008.

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.