5671.0 - Lending Finance, Australia, Oct 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 15/12/2008   
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OCTOBER KEY FIGURES

Sep 2008
Oct 2008
Sep 2008 to Oct 2008
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
12 063
12 029
-0.3
Personal finance
6 345
6 289
-0.9
Commercial finance
31 459
31 597
0.4
Lease finance
534
527
-1.5
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
11 969
12 262
2.4
Personal finance
6 392
6 255
-2.1
Commercial finance
33 033
32 032
-3.0
Lease finance
516
535
3.7


Personal finance
Graph: PERSONAL FINANCE

Commercial finance
Graph: COMMERCIAL FINANCE




OCTOBER KEY POINTS


OCTOBER 2008 COMPARED WITH SEPTEMBER 2008:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions decreased in trend terms (down 0.3%), while the seasonally adjusted series rose (up 2.4%).


PERSONAL FINANCE
  • The trend series for the value of total personal finance decreased 0.9%, due to falls in both revolving credit commitments (down 1.1%) and fixed lending commitments (down 0.6%).
  • The seasonally adjusted series for the value of total personal finance commitments decreased 2.1%, due to falls in both revolving credit commitments (down 3.1%) and fixed lending commitments (down 0.9%).


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments increased 0.4%. This was due to rises in both revolving credit commitments (up 0.6%) and fixed lending commitments (up 0.3%).
  • The seasonally adjusted series for the value of total commercial finance commitments decreased 3.0%. This was due to falls in both revolving credit commitments (down 5.3%) and fixed lending commitments (down 1.8%).


LEASE FINANCE
  • Lease finance commitments (trend) decreased 1.5%, while the seasonally adjusted series increased 3.7%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
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
April 2009 15 June 2009



REVISIONS

Revisions were made to Housing, Commercial and Personal 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 Susan Schemen on Canberra (02) 6252 5171.