Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
5671.0 - Lending Finance, Australia, Nov 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/01/2007   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner-occupied housing commitments excluding alterations and additions decreased by 0.9% (seasonally adjusted), while the trend series fell 0.6%.


For further information, please refer to Housing Finance, Australia (cat. no. 5609.0).



PERSONAL FINANCE

In seasonally adjusted terms, the value of total personal finance commitments fell by 1.2% in November 2006 compared with October 2006. This decrease was due to a fall in revolving credit commitments (down 3.9%), more than offsetting a rise in fixed lending commitments (up 2.2%).


In trend terms, the value of total personal finance fell 0.4% in November 2006. The trend series for fixed lending commitments decreased 0.6% , while revolving credit commitments fell 0.2%.


In original terms, fixed lending commitments increased by $236m (up 7.9%) in November 2006 compared with October 2006. Movements in the original series contributing to this increase were:

  • Other, up $118m (15.6%),
  • Refinancing, up $62m (9.3%),
  • Debt consolidation up $41m (13.0%).


COMMERCIAL FINANCE

The seasonally adjusted series for the value of total commercial finance commitments fell by 11.8% in November 2006. The decrease was due to a fall in both revolving credit commitments (down 20.6%) and in fixed lending commitments (down 6.0%).


The trend series for commercial finance commitments decreased 0.1% in November 2006. A decrease in fixed lending commitments (down 0.6%), more than offset an increase in revolving credit commitments (up 1.1%).


The value of purchases of dwellings by individuals for rent or resale (seasonally adjusted) fell by 1.4% in November 2006, after a revised increase of 3.0% in October 2006. The trend series fell 3.2% in November 2006.

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




LEASE FINANCE

The value of lease finance commitments (seasonally adjusted) increased by 0.2%. The trend series for lease finance commitments fell by 0.6%.

Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.