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5671.0 - Lending Finance, Australia, Mar 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/05/2005   
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MARCH KEY FIGURES

Feb 2005
Mar 2005
Feb 2005 to Mar 2005
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
11,672
11,884
1.8
Personal finance
6,127
6,053
-1.2
Commercial finance
25,700
25,501
-0.8
Lease finance
526
522
-0.9
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
11,836
11,992
1.3
Personal finance
6,141
5,947
-3.2
Commercial finance
25,929
26,098
0.7
Lease finance
551
507
-7.9

Personal finance
Graph: Personal finance

Commercial finance
Graph: Commercial finance



MARCH KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

  • The total value of owner-occupied housing commitments excluding alterations and additions increased by 1.3% (seasonally adjusted) in March 2005. The trend series increased by 1.8%.


PERSONAL FINANCE
  • The seasonally adjusted series for total personal finance commitments fell by 3.2% in March 2005. Fixed lending and revolving credit commitments decreased by 1.5% and 4.4%, respectively.
  • The total personal finance trend series fell by 1.2% in March 2005, the fourth consecutive monthly decrease.


COMMERCIAL FINANCE
  • The total commercial finance series (seasonally adjusted) increased by 0.7% in March 2005. The increase in revolving credit (up 12.8%) more than offset the decrease in fixed lending (down 6.3%).
  • The purchase of dwellings by individuals for rent or resale (seasonally adjusted) series fell by 1.7% in March 2005, after an increase of 1.6% in February.
  • The trend series for total commercial finance fell by 0.8% in March 2005. This fall was due to the decrease in fixed lending (down 2.1%) more than offsetting the increase in revolving credit (up 1.5%).


LEASE FINANCE
  • Lease finance (seasonally adjusted) decreased by 7.9% in March 2005.
  • The lease finance trend fell by 0.9% in March 2005, the fourth decrease following six consecutive monthly increases.


NOTES

CHANGES IN THIS ISSUE

There are no changes in this issue.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Vincent Nguyen on Canberra (02) 6252 6398.



SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of commitments excluding alterations and additions (seasonally adjusted) increased by 1.3% in March 2005. The trend series increased by 1.8%.


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



PERSONAL FINANCE

In seasonally adjusted terms, total personal finance fell by 3.2% in March 2005. Fixed lending and revolving credit commitments decreased by 1.5% and 4.4%, respectively. The total personal finance trend series fell by 1.2%.


In original terms, fixed lending commitments increased by $236m (up 9.1%) in March 2005. Movements in the original series contributing to this increase were:

  • Debt consolidation, up $74m (28.7%) compared with an average February to March increase of 13.0% over the previous three years,
  • Refinancing, up $68m (14.2%) compared with an average February to March increase of 8.6% over the previous three years.


COMMERCIAL FINANCE

Total commercial finance (seasonally adjusted) increased by 0.7% in March 2005, following an increase of 4.5% in February. The increase in the seasonally adjusted series was driven by an increase in revolving credit commitments (up 12.8%) which was partly offset by a decrease in fixed lending (down 6.3%).


The trend series for total commercial finance decreased by 0.8% in March 2005, the fourth monthly decrease following six consecutive monthly increases. This fall was due to the decrease in fixed lending (down 2.1%) more than offsetting the increase in revolving credit (up 1.5%).


The seasonally adjusted purchase of dwellings for rent or resale by individuals series fell by 1.7% in March 2005. The trend series increased by 0.8% in March 2005, the seventh consecutive monthly increase.


Graph: Purchase of dwellings by individuals for rent or resale
LEASE FINANCE

Total lease finance (seasonally adjusted) fell by 7.9% in March 2005. The lease finance trend series fell by 0.9% in March 2005, the fourth decrease following six consecutive monthly increases.



ADDITIONAL TABLES ON AUSSTATS


TABLES AVAILABLE ON AUSSTATS

Additional tables are available from the AusStats as Time Series Spreadsheets. Select 56. Finance, then 5671.0 - Lending Finance, Australia.


Tables available are:

  • longer time series of tables in this publication
  • the following tables
      C1a. Commercial finance commitments (original, seasonally adjusted, trend)
      C1b. Commercial finance commitments, fixed loans and revolving credit
      C1c. Commercial finance commitments, fixed loans and revolving credit by lender
      C1d. Commercial finance commitments, fixed loans by industry
      C1e. Commercial finance commitments, revolving credit by industry
      C2 to C9. Commercial finance commitments, fixed loans and revolving credit by state and territory
      L1a. Lease finance commitments, summary (original, seasonally adjusted, trend)
      L1b. Lease finance commitments by purpose
      L1c. Lease finance commitments by purpose and lender
      L1d. Lease finance commitments by industry
      L2 to L9. Lease finance commitments by purpose and state and territory
      OL1b. Operating lease finance commitments by purpose
      OL1c. Operating lease finance commitments by lender
      OL1d. Operating lease finance commitments by industry
      OL2 to OL9. Operating lease finance commitments by purpose and state and territory
      P1a. Personal finance commitments, summary (original, seasonally adjusted, trend)
      P1b. Personal finance commitments, fixed loans and revolving credit
      P1c. Personal finance commitments, fixed loans and revolving credit by lender
      P2 to P9. Personal finance commitments, fixed loans and revolving credit by state and territory
      13 Lending Finance Seasonal Factors, By Purpose and Lender: Australia, January 1985 to March 2006

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