5671.0 - Lending Finance, Australia, Apr 2008

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 11/06/2008

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Main Features Summary of findings TIME SERIES DATA About this Release	SUMMARY OF FINDINGS HOUSING FINANCE FOR OWNER OCCUPATION The trend series for the total value of owner occupied housing commitments excluding alterations and additions decreased 2.7% and the seasonally adjusted series fell 4.9%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 10 June 2008. PERSONAL FINANCE In trend terms, the value of total personal finance fell 1.6% in April 2008 compared with March 2008. This was due to a fall in both revolving credit commitments (down 2.2%) and fixed lending commitments (down 0.9%). In seasonally adjusted terms, the value of total personal finance commitments rose 5.8% in April 2008. This was due to a rise in revolving credit commitments (up 14.6%), while fixed lending commitments fell 3.1%. In original terms, fixed lending commitments increased by $69m (up 2.3%) in April 2008 compared with March 2008. Movements in the original series contributing to this increase were: Other, up $49m (7.1%) Refinancing, down $42m (5.7%) Total Motor Vehicles, up $35m (4.2%) COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments fell 5.9% in April 2008 compared with March 2008. This was due to a fall in both fixed lending commitments (down 6.3%) and revolving credit commitments (down 5.2%). The seasonally adjusted series for the value of total commercial finance commitments fell 14.6% in April 2008. This decrease was due to a fall in both revolving credit commitments (down 20.2%) and fixed lending commitments (down 11.5%). The value of purchases of dwellings by individuals for rent or resale (trend) fell 2.7% in April 2008, after a decrease of 2.9% in March 2008. The seasonally adjusted series fell by 2.0% in April 2008. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) fell 0.8% in April 2008. The seasonally adjusted series for lease finance commitments rose by 1.3%. Document Selection These documents will be presented in a new window.