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5671.0 - Lending Finance, Australia, Sep 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/11/2004   
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SEPTEMBER KEY FIGURES

Aug 2004
Sep 2004
Aug 2004 to Sep 2004
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
10,180
10,235
0.5
Personal finance
6,272
6,201
-1.1
Commercial finance
24,026
24,560
2.2
Lease finance
515
534
3.7
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
10,205
10,267
0.6
Personal finance
6,103
6,371
4.4
Commercial finance
23,287
27,368
17.5
Lease finance
545
588
8.0

Personal finance
Graph: Personal finance

Commercial finance
Graph: Commercial finance



SEPTEMBER KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

  • The total value of owner-occupied housing commitments increased by 0.6% (seasonally adjusted) in September 2004. The trend series increased by 0.5%.


PERSONAL FINANCE
  • The seasonally adjusted series for total personal finance commitments rose by 4.4% in September 2004. Fixed lending and revolving credit commitments increased by 1.3% and 7.2%, respectively.
  • The total personal finance trend series decreased by 1.1% in September 2004, the eleventh successive monthly decrease but at a decreasing rate.


COMMERCIAL FINANCE
  • The total commercial finance series (seasonally adjusted) rose by 17.5% in September 2004, with fixed lending and revolving credit increasing by 2.5% and 45.4%, respectively.
  • The purchase of dwellings by individuals for rent or resale (seasonally adjusted) series rose by 5.7% in September 2004, after a fall of 3.1% in the previous month.
  • The trend series for total commercial finance increased by 2.2% in September 2004. The fixed lending trend series fell by 0.3% while the revolving credit trend series rose by 6.6%.


LEASE FINANCE
  • Lease finance (seasonally adjusted) increased by 8.0% in September 2004.
  • The lease finance trend rose by 3.7% in September 2004, the fourth month of small increases following eight successive monthly falls.


NOTES

CHANGES IN THIS ISSUE

There are no significant 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 0.6% in September 2004. The trend series increased by 0.5%.


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



PERSONAL FINANCE

In seasonally adjusted terms, total personal finance rose by 4.4% to $6,371 million in September 2004, after four successive monthly falls. In original terms, revolving credit commitments increased by 8.8% in September due to increases in both secured and unsecured revolving credit, by 7.7% and 10.3%, respectively.


In original terms, fixed lending commitments increased by 0.3%, to $2,919 million in September 2004. This was due mainly to increases in other fixed lending (up 6.8%) and debt consolidation (up 4.6%). Decreases were recorded in individual residential blocks of land (down 5.9%), total motor vehicles (down 2.2%), and refinancing of personal finance (down 1.4%).



COMMERCIAL FINANCE

Total commercial finance series (seasonally adjusted) increased by 17.5% to $27,368 million in September 2004. Revolving credit and fixed lending commitments increased by 45.4% and 2.5%, respectively.


In original terms, fixed lending commitments increased by 1.1%. Other fixed lending (up 15.0%) and purchase of real property (up 7.5%) were the main contributors to the increase in commercial fixed lending. In contrast, construction finance and refinancing decreased by 33.4% and 27.6%, respectively. Revolving credit commitments (original) increased by 45.7%.


The seasonally adjusted purchase of dwellings for rent or resale by individuals series increased to $4,465 million (up 5.7%) in September 2004. The trend series fell by 1.3% in September 2004, the eleventh consecutive monthly decline.

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




LEASE FINANCE

Total lease finance series (seasonally adjusted) increased by 8.0% to $588 million in September 2004, following a 14.9% increase in the previous month. The lease finance trend series grew by 3.7% in September 2004, driven by the strong growth in the seasonally adjusted series over the past three months.



ADDITIONAL TABLES ON AUSSTATS


TABLES AVAILABLE ON AUSSTATS

Additional tables are available from the AusStats service on <http://www.abs.gov.au> by selecting Time Series Spreadsheets and then Finance.


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 September 2005

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