5671.0 - Lending Finance, Australia, Dec 2010  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/02/2011   
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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

(Table 1)

The total value of owner occupied housing commitments excluding alterations and additions rose 1.4% in trend terms and the seasonally adjusted rose series 2.3%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 14 February 2011.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 0.7% in December 2010 compared with November 2010. Fixed lending commitments rose 1.2% and revolving credit commitments rose 0.1%.

In seasonally adjusted terms, the value of total personal finance commitments fell 0.2% in December 2010. Fixed lending commitments fell 0.4% and revolving credit commitments fell 0.1%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 1.9% in December 2010 compared with November 2010. Revolving credit commitments rose 4.1% and fixed lending commitments rose 0.9%.

The seasonally adjusted series for the value of total commercial finance commitments rose 3.3% in December 2010. Revolving credit commitments rose 9.7% and fixed lending commitments rose 0.5%.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.5% in December 2010, following a rise of 0.3% in November 2010. The seasonally adjusted series rose 3.0% in December 2010.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE



LEASE FINANCE

(Table 1)

The value of total lease finance commitments (trend) fell 0.2% in December 2010. The seasonally adjusted series fell 8.7%.