5671.0 - Lending Finance, Australia, Mar 2010  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/05/2010   
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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

(Table 1)

The trend series for the total value of owner occupied housing commitments excluding alterations and additions decreased 3.7% and the seasonally adjusted series decreased 3.4%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 12 May 2010.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments decreased 0.3% in March 2010 compared with February 2010. Fixed lending commitments fell 0.8%, while revolving credit commitments rose 0.2%.

In seasonally adjusted terms, the value of total personal finance commitments decreased 1.3% in March 2010. Revolving credit commitments fell 1.6% and fixed lending commitments fell 1.1%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments increased 0.5% in March 2010 compared with February 2010. Revolving credit commitments increased 3.8%, while fixed lending commitments decreased 0.7%.

The seasonally adjusted series for the value of total commercial finance commitments increased 1.1% in March 2010. Revolving credit commitments rose 18.0%, while fixed lending commitments fell 5.5%.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 0.7% in March 2010, following an increase of 0.9% in February 2010. The seasonally adjusted series rose 1.2% in March 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) remained unchanged in percentage terms in March 2010. The seasonally adjusted series increased 5.8%.