5671.0 - Lending Finance, Australia, Sep 2013  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/11/2013   
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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 0.4% in trend terms, and the seasonally adjusted series rose 5.3%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 11 November 2013.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments fell 0.3% in September 2013 compared with August 2013. Fixed lending commitments fell 0.6%, while revolving credit commitments rose 0.1%.

In seasonally adjusted terms, the value of total personal finance commitments fell 0.9%. Revolving credit commitments fell 3.2%, while fixed lending commitments rose 0.7%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 1.4% in September 2013 compared with August 2013. Fixed lending commitments rose 1.8% and revolving credit commitments rose 0.3%.

The seasonally adjusted series for the value of total commercial finance commitments rose 2.8% in September 2013, following a rise of 8% in August 2013. Revolving credit commitments rose 17.9%, after a fall of 0.6% in the previous month. Fixed lending commitments fell 1.5%, after a rise of 10.8% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.8% in September 2013, and the seasonally adjusted series rose 4.1%.

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 5.4% in September 2013. The seasonally adjusted series rose 13.6% in September 2013, after a fall of 23.9% in August 2013.