5671.0 - Lending Finance, Australia, Sep 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/11/2008   
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SEPTEMBER KEY FIGURES

Aug 2008
Sep 2008
Aug 2008 to Sep 2008
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
12 018
11 876
-1.2
Personal finance
6 367
6 353
-0.2
Commercial finance
31 565
31 747
0.6
Lease finance
542
532
-1.8
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
12 119
11 891
-1.9
Personal finance
6 240
6 336
1.5
Commercial finance
29 904
34 124
14.1
Lease finance
537
515
-4.0


Personal finance
Graph: PERSONAL FINANCE

Commercial finance
Graph: COMMERCIAL FINANCE




SEPTEMBER KEY POINTS


SEPTEMBER 2008 COMPARED WITH AUGUST 2008:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions decreased both in trend terms (down 1.2%) and seasonally adjusted (down 1.9%).


PERSONAL FINANCE
  • The trend series for the value of total personal finance fell 0.2%, due to a fall in fixed lending commitments (down 0.9%), while revolving credit commitments rose (up 0.3%).
  • The seasonally adjusted series for the value of total personal finance commitments rose 1.5%, due to a rise in revolving credit commitments (up 3.4%), while fixed lending commitments fell (down 0.8%).


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments rose 0.6%. This was due to a rise in revolving credit commitments (up 2.4%), while fixed lending commitments fell (down 0.6%).
  • The seasonally adjusted series for the value of total commercial finance commitments rose 14.1%. This increase was due to a rise in both fixed lending commitments (up 20.2%) and revolving credit commitments (up 5.4%).


LEASE FINANCE
  • Lease finance commitments (trend) fell by 1.8% and the seasonally adjusted series fell by 4.0%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
October 2008 15 December 2008
November 2008 19 January 2009
December 2008 16 February 2009
January 2009 16 March 2009
February 2009 14 April 2009
March 2009 14 May 2009



REVISIONS

Revisions were made to Housing and Commercial Finance to include the latest available administrative and survey data.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Philip Beresford on Canberra (02) 6252 6052.