5671.0 - Lending Finance, Australia, Mar 2009

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 14/05/2009

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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 increased 3.4% and the seasonally adjusted series rose 7.3%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 12 May 2009. PERSONAL FINANCE In trend terms, the value of total personal finance increased 0.1% in March 2009 compared with February 2009, with an increase recorded in fixed lending commitments (up 1.0%), while revolving credit commitments decreased (down 0.6%). In seasonally adjusted terms, the value of total personal finance commitments decreased 2.2% in March 2009. Revolving credit commitments decreased 4.3%, while fixed lending commitments increased 0.5%. In original terms, fixed lending commitments increased 12.2% (up $335m ) in March 2009 compared with February 2009. Movements in the original series contributing to this increase were: Individual residential blocks of land, up $126m (30.1%) Other, up $89m (15.3%) Refinancing, up $60m (9.2%) COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments decreased 1.1% in March 2009 compared with February 2009. This was due to falls in revolving credit commitments (down 1.3%) and fixed lending commitments (down 1.0%). The seasonally adjusted series for the value of total commercial finance commitments increased 20.5% in March 2009 compared with February 2009. This was driven by an increase in fixed lending commitments (up 28.0%). Revolving credit commitments increased 6.6%. The value of purchases of dwellings by individuals for rent or resale (trend) decreased 0.2% in March 2009, after a revised decrease of 0.3% in February 2009. The seasonally adjusted series rose 2.8% in March 2009. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) decreased 2.0% in March 2009, while the seasonally adjusted series increased 1.3%. Document Selection These documents will be presented in a new window.