5671.0 - Lending Finance, Australia, Mar 2010  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 17/05/2010   
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MARCH KEY FIGURES

Feb 2010
Mar 2010
Feb 2010 to Mar 2010
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation(a)
14 232
13 698
-3.7
Personal finance
6 939
6 921
-0.3
Commercial finance
27 584
27 736
0.5
Lease finance
378
378
0.0
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation(a)
14 014
13 534
-3.4
Personal finance
6 968
6 874
-1.3
Commercial finance
28 072
28 373
1.1
Lease finance
367
388
5.8

(a) Excludes alterations and additions

Personal finance
Graph: PERSONAL FINANCE

Commercial finance
Graph: COMMERCIAL FINANCE




MARCH KEY POINTS


MARCH 2010 COMPARED WITH FEBRUARY 2010:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions decreased 3.7% in trend terms and the seasonally adjusted series decreased 3.4%.


PERSONAL FINANCE
  • The trend series for the value of total personal finance commitments decreased 0.3%. Fixed lending commitments fell 0.8%, while revolving credit commitments rose 0.2%.
  • The seasonally adjusted series for the value of total personal finance commitments decreased 1.3%. Revolving credit commitments fell 1.6% and fixed lending commitments fell 1.1%.


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments increased 0.5%. Revolving credit commitments rose 3.8%, while fixed lending commitments fell 0.7%.
  • The seasonally adjusted series for the value of total commercial finance commitments increased 1.1%. Revolving credit commitments rose 18.0%, while fixed lending commitments fell 5.5%.


LEASE FINANCE
  • The trend series for the value of total lease finance commitments remained unchanged in percentage terms, while the seasonally adjusted series increased 5.8%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
April 2010 15 June 2010
May 2010 13 July 2010
June 2010 11 August 2010
July 2010 13 September 2010
August 2010 13 October 2010
September 2010 15 November 2010



REVISIONS

In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions impact on:
  • Personal finance values for February 2010,
  • Owner-occupied housing values for February 2010.

Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Joe Whelan on Canberra (02) 6252 5747.