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1384.6 - Statistics - Tasmania, 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 14/01/2005   
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Contents >> Finance and investment >> Finance >> Commercial finance

Commercial finance is finance provided to individuals and corporations for business or investment purposes, including for the construction or purchase of dwellings for rental or resale.

In 2003-04, there was $1,387.1 million in commercial fixed loan commitments in Tasmania, an increase of 35.2% on the 2002-03 figure of $1,025.6 million.

From 2002-03 to 2003-04, the largest increase in commercial fixed loans was recorded in purchase of real property, which increased by $89.8 million or 48.0%.

COMMERCIAL FINANCE COMMITMENTS, Value of Fixed Loans, Tasmania

2000-01
2001-02
2002-03
2003-04

Purpose
$m
$m
$m
$m

Construction finance
23.2
29.8
23.4
28.5
Purchase of real property(a)
203.7
278.7
469.2
662.0
Plant and equipment
138.7
247.9
186.9
276.7
Refinancing
66.2
63.3
66.5
72.4
Other (includes wholesale finance)
204.7
226.7
230.4
220.6
Total fixed loans
636.5
868.6
1,025.6
1,387.1

(a) Purchase of real property includes those finance commitments to individuals for the purchase of dwellings for rental or sale.

Source: Lending Finance, Australia - Time Series Spreadsheet (cat. no. 5671.0, table C7).


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