5671.0 - Lending Finance, Australia, Feb 2012  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 16/04/2012   
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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 was flat (0.0%) in trend terms, while the seasonally adjusted series fell 4.0%.

For further information, please refer to Housing Finance, Australia (cat.no. 5609.0) which was released on 11 April 2012.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments fell 0.3% in February 2012 compared with January 2012. Revolving credit commitments fell 0.5% and fixed lending commitments fell 0.1%.

In seasonally adjusted terms, the value of total personal finance commitments fell 3.8%. Revolving credit commitments fell 9.4%, while fixed lending commitments rose 1.3%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments fell 2.8% in February 2012 compared with January 2012. Revolving credit commitments fell 8.1% and fixed lending commitments fell 0.7%.

The seasonally adjusted series for the value of total commercial finance commitments fell 8.4% in February 2012, following a fall of 1.5% in January 2012. Revolving credit commitments fell 26.6%, after a rise of 0.3% in the previous month. Fixed lending commitments fell 0.7%, following a fall of 2.3% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.5% in February 2012, while the seasonally adjusted series fell 0.2% in February 2012.

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) rose 1.8% in February 2012 and the seasonally adjusted series rose 4.1%, following a rise of 11.1% in January 2012.