5671.0 - Lending Finance, Australia, Dec 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 16/02/2009   
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DECEMBER KEY FIGURES

Nov 2008
Dec 2008
Nov 2008 to Dec 2008
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
12 686
12 897
1.7
Personal finance
6 228
6 203
-0.4
Commercial finance
29 698
29 202
-1.7
Lease finance
530
528
-0.4
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
12 614
13 506
7.1
Personal finance
6 111
6 361
4.1
Commercial finance
28 258
28 775
1.8
Lease finance
521
547
5.1


Personal finance
Graph: PERSONAL FINANCE

Commercial finance
Graph: COMMERCIAL FINANCE




DECEMBER KEY POINTS


DECEMBER 2008 COMPARED WITH NOVEMBER 2008:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions increased in trend terms (up 1.7%) and the seasonally adjusted series rose 7.1%.


PERSONAL FINANCE
  • The trend series for the value of total personal finance decreased 0.4%, with falls in both fixed lending commitments (down 0.8%) and revolving credit commitments (down 0.1%).
  • The seasonally adjusted series for the value of total personal finance commitments increased 4.1%, due mainly to an increase in fixed lending commitments (up 8.9%). Revolving credit commitments were up slightly (0.7%).


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments decreased 1.7%, due to falls in both revolving credit commitments (down 2.5%) and fixed lending commitments (down 1.2%).
  • The seasonally adjusted series for the value of total commercial finance commitments increased 1.8%, due to a rise in revolving credit commitments (up 40.4%), while fixed lending commitments fell (down 13.0%).


LEASE FINANCE
  • Lease finance commitments (trend) decreased 0.4% and the seasonally adjusted series rose 5.1%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
January 2009 16 March 2009
February 2009 14 April 2009
March 2009 14 May 2009
April 2009 15 June 2009
May 2009 13 July 2009
June 2009 11 August 2009



REVISIONS

Revisions were made to Housing, Personal 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.