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NOVEMBER KEY FIGURES

		Oct 2007	Nov 2007	Oct 2007 to Nov 2007
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation	15 313	15 363	0.3
	Personal finance	6 724	6 721	-0.1
	Commercial finance	44 118	44 252	0.3
	Lease finance	595	611	2.8
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation	15 258	15 556	2.0
	Personal finance	6 890	6 872	-0.3
	Commercial finance	42 319	45 760	8.1
	Lease finance	612	624	1.9

Personal finance

Commercial finance

NOVEMBER KEY POINTS


NOVEMBER 2007 COMPARED WITH OCTOBER 2007:

HOUSING FINANCE FOR OWNER OCCUPATION

• The total value of owner occupied housing commitments excluding alterations and additions increased 0.3% (trend) and the seasonally adjusted series rose 2.0%.

• The trend series for the value of total personal finance fell 0.1%, due to a fall in revolving credit commitments (down 0.4%), offset by a rise in fixed lending commitments (up 0.4%).
• The seasonally adjusted series for the value of total personal finance commitments fell 0.3%. This decrease was due to a fall in revolving credit commitments (down 1.3%), offset by a rise in fixed lending commitments (up 1.0%).

• The trend series for the value of total commercial finance commitments rose 0.3%. This was due to a rise in revolving credit commitments (up 1.0%), while fixed lending commitments fell 0.1%.
• The seasonally adjusted series for the value of total commercial finance commitments rose 8.1%. This increase was due to a rise in fixed lending commitments (up 12.9%) and revolving credit commitments (up 0.7%).

• Lease finance commitments (trend) increased by 2.8%. The lease finance seasonally adjusted series rose by 1.9%.

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 C1d, C1e, L1d, and OL1d 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.