5671.0 - Lending Finance, Australia, Jan 2011  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/03/2011   
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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

(Table 1)

The total value of owner occupied housing commitments excluding alterations and additions rose 0.4% in trend terms, while the seasonally adjusted series fell 4.6%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 March 2011.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments fell 1.1% in January 2011 compared with December 2010. Revolving credit commitments fell 2.1% and fixed lending commitments fell 0.1%.

In seasonally adjusted terms, the value of total personal finance commitments fell 9.5% in January 2011, the largest fall since March 2008 (10.4%). Revolving credit commitments fell 14.5% and fixed lending commitments fell 4.5%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 1.5% in January 2011 compared with December 2010. Revolving credit commitments rose 2.4% and fixed lending commitments rose 1.2%.

The seasonally adjusted series for the value of total commercial finance commitments fell 5.8% in January 2011. Revolving credit commitments fell 9.7% and fixed lending commitments fell 4.0%.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 0.3% in January 2011, following a fall of 0.4% in December 2010. The seasonally adjusted series fell 8.2% in January 2011. This is the largest fall since March 2008 (8.2%) and July 2006 (9.0%).

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE



LEASE FINANCE

(Table 1)

The value of total lease finance commitments (trend) rose 1.2% in January 2011. The seasonally adjusted series fell 1.3%.