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5671.0 - Lending Finance, Australia, Aug 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/10/2005   
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AUGUST KEY FIGURES

Jul 2005
Aug 2005
Jul 2005 to Aug 2005
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
11 740
11 744
-
Personal finance
5 981
5 992
0.2
Commercial finance
25 616
25 424
-0.8
Lease finance
518
517
-0.3
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
11 778
11 834
0.5
Personal finance
5 977
6 062
1.4
Commercial finance
25 849
24 463
-5.4
Lease finance
520
534
2.7

- nil or rounded to zero (including null cells)

Personal finance
Graph: Personal finance

Commercial finance
Graph: Commercial finance



AUGUST KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

  • The total value of owner-occupied housing commitments excluding alterations and additions increased by 0.5% (seasonally adjusted) in August 2005, while the trend series remained virtually unchanged.


PERSONAL FINANCE
  • The seasonally adjusted series for total personal finance commitments rose by 1.4% in August 2005. Fixed lending rose by 2.3%, while revolving credit increased by 0.8%.
  • The total personal finance trend series rose by 0.2% in August 2005. This increase was mainly due to an increase in revolving credit commitments (up 1.0%) more than offsetting a decrease in fixed lending commitments (down 0.8%).


COMMERCIAL FINANCE
  • The seasonally adjusted series for total commercial finance decreased by 5.4% in August 2005. A decrease in the fixed lending series (down 8.6%) more than offset an increase in revolving credit (up 1.2%).
  • The purchase of dwellings by individuals for rent or resale (seasonally adjusted) series fell by 2.6% in August 2005, after a decrease of 4.2% in July 2005.
  • The trend series for total commercial finance fell by 0.8% in August 2005. Fixed lending fell by 0.9%, while revolving credit decreased by 0.5%.


LEASE FINANCE
  • Lease finance (seasonally adjusted) increased by 2.7% in August 2005, following a rise of 9.2% in July 2005, while the trend series fell by 0.3% in August 2005, the ninth consecutive monthly decrease.


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 Michael Abbondante on Canberra (02) 6252 6707.



SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of commitments excluding alterations and additions increased by 0.5% (seasonally adjusted) in August 2005, while the trend series remained virtually unchanged.


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



PERSONAL FINANCE

In seasonally adjusted terms, total personal finance rose by 1.4% in August 2005. Fixed lending rose by 2.3%, while revolving credit increased by 0.8%.


The total personal finance commitments trend series rose by 0.2% in August 2005, the second consecutive increase following a run of decreases since November 2003 for all but one month (October 2004). The trend for revolving credit increased by 1.0% in August, while fixed lending commitments fell by 0.8%.


In original terms, fixed lending commitments increased by $225m (up 9.0%) in August 2005. Movements in the original series contributing to this decrease were:

  • Total motor vehicles, up $120m (15.3%), compared with an average July to August decrease of 4.8% over the previous three years,
  • Individual residential blocks of land, $52m (16.3%), compared with an average July to August decrease of 4.8% over the previous three years.


COMMERCIAL FINANCE

Total commercial finance (seasonally adjusted) decreased by 5.4% in August 2005. This overall decrease was driven by a decrease in fixed lending series (down 8.6%) more than offsetting an increase in revolving credit (up 1.2%).


The trend series for total commercial finance fell by 0.8% in August 2005, the third consecutive monthly decrease. Fixed lending fell by 0.9%, while revolving credit decreased by 0.5%.


The purchase of dwellings by individuals for rent or resale (seasonally adjusted) series fell by 2.6% in August 2005, after a decrease of 4.2% in July 2005. The trend series fell by 1.9% in August 2005, the sixth consecutive monthly decrease.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: Purchase of dwellings by individuals for rent or resale




LEASE FINANCE

Lease finance (seasonally adjusted) increased by 2.7% in August 2005, following a rise of 9.2% in July 2005. The lease finance trend fell by 0.3% in August 2005, the ninth consecutive monthly decrease.



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 August 2006

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