5671.0 - Lending Finance, Australia, Mar 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/05/2008   
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MARCH KEY FIGURES

Feb 2008
Mar 2008
Feb 2008 to Mar 2008
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
15 063
14 879
-1.2
Personal finance
7 127
7 063
-0.9
Commercial finance
45 366
44 967
-0.9
Lease finance
601
597
-0.6
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
14 886
14 224
-4.4
Personal finance
7 377
6 527
-11.5
Commercial finance
45 355
40 300
-11.1
Lease finance
594
585
-1.5


Personal finance
Graph: PERSONAL FINANCE

Commercial finance
Graph: COMMERCIAL FINANCE




MARCH KEY POINTS


MARCH 2008 COMPARED WITH FEBRUARY 2008:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions decreased 1.2% (trend) and the seasonally adjusted series fell 4.4%.


PERSONAL FINANCE
  • The trend series for the value of total personal finance fell 0.9%, due to a fall in revolving credit commitments (down 1.9%), which was slightly offset by a rise in fixed lending commitments (up 0.3%).
  • The seasonally adjusted series for the value of total personal finance commitments fell 11.5%. This was due to a fall in both revolving credit commitments (down 19.4%) and fixed lending commitments (down 1.9%).


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments fell 0.9%. This was due to a fall in fixed lending commitments (down 1.7%), which was slightly offset by a rise in revolving credit commitments (up 0.7%).
  • The seasonally adjusted series for the value of total commercial finance commitments fell 11.1%. This decrease was due to a fall in fixed lending commitments (down 20.5%), which was offset by a rise in revolving credit commitments (up 7.0%).


LEASE FINANCE
  • Lease finance commitments (trend) decreased by 0.6%. The lease finance seasonally adjusted series fell by 1.5%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
April 2008 11 June 2008
May 2008 14 July 2008
June 2008 11 August 2008
July 2008 10 September 2008
August 2008 13 October 2008
September 2008 12 November 2008



CHANGES TO FORTHCOMING ISSUES

Change to Tables on the ABS Website

From the next issue of Lending Finance, Australia, (April 2008), tables 19 - 26 'Commercial Finance Commitments' will include a subsection under '1. Construction finance' labelled '1.1 Construction of dwellings for rent / resale'.


REVISIONS

Revisions were made to 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 Philip Beresford on Canberra (02) 6252 6052.