5671.0 - Lending Finance, Australia, Mar 2007  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 15/05/2007   
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MARCH KEY FIGURES

Feb 2007
Mar 2007
Feb 2007 to Mar 2007
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
14 263
14 399
1.0
Personal finance
6 753
6 764
0.2
Commercial finance
34 671
34 667
-
Lease finance
537
544
1.5
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
14 276
14 523
1.7
Personal finance
6 755
6 690
-1.0
Commercial finance
40 588
38 572
-5.0
Lease finance
563
566
0.5

- nil or rounded to zero (including null cells)

Personal finance
Graph: Personal Finance

Commercial finance
Graph: Commercial Finance



MARCH KEY POINTS


MARCH 2007 COMPARED WITH FEBRUARY 2007:

HOUSING FINANCE FOR OWNER OCCUPATION

  • The total value of owner occupied housing commitments excluding alterations and additions increased by 1.7% (seasonally adjusted), while the trend series rose 1.0%.

PERSONAL FINANCE
  • The seasonally adjusted series for the value of total personal finance commitments fell by 1.0%. This decrease was due to a fall in revolving credit commitments (down 2.3%) more than offsetting an increase in fixed lending commitments (up 0.7%).
  • The trend series for the value of total personal finance rose 0.2% due to a rise in both fixed lending commitments (up 0.2%) and revolving credit commitments (up 0.1%).

COMMERCIAL FINANCE
  • The seasonally adjusted series for the value of total commercial finance commitments fell by 5.0%. This decrease was due to a fall in fixed lending commitments (down 22.7%) more than offsetting an increase in revolving credit commitments (up 21.2%).
  • The trend series for the value of total commercial finance commitments remained virtually unchanged. A rise in revolving credit commitments (up 2.2%) offset a decrease in fixed lending commitments (down 1.2%).

LEASE FINANCE
  • Lease finance commitments (seasonally adjusted) increased by 0.5%. The lease finance trend series rose by 1.5%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
April 2007 12 June 2007
May 2007 11 July 2007
June 2007 10 August 2007
July 2007 11 September 2007
August 2007 15 October 2007
September 2007 12 November 2007



REVISIONS

Minor revisions were made to January and February 2007 to incorporate the latest available administrative and survey data.



CHANGES IN FORTHCOMING ISSUES

As advised in the previous issue, the format of the datacube table 13 for this publication will be changed to align with the current standard for excel spreadsheets (i.e. in .xls format). The new format is available as table 13a with both tables 13 and 13a released with this issue of 5671.0. Table 13 will be withdrawn from the April 2007 issue. Table 13a will then be renumbered to Table 13.



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.