1367.5 - Western Australian Statistical Indicators, Sep 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/10/2009   
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Contents >> Investment and finance >> Lending finance commitments

LENDING FINANCE COMMITMENTS

  • In original terms, the value of lending finance commitments fell across most types of finance in the month of August 2009.
  • Commercial finance commitments decreased to less than $2.4 billion (16%), following a larger decrease (23%) in July. The August 2009 value was almost 27% lower than the value for the same month of the previous year.
  • Lease finance commitments fell to $14 million in August. This was 20% lower than in the previous month and 65% lower than in August 2008.

2 August key figures

Jul 09
Aug 09
Jul 09 to Aug 09
Aug 08 to Aug 09
$m
$m
% change
% change

Original
Housing finance for owner occupation
2 259.9
2 000.6
-11.5
24.4
Personal finance
1 031.5
1 002.7
-2.8
14.6
Commercial finance
2 823.3
2 367.3
-16.2
-26.8
Lease finance
17.5
14.0
-20.0
-64.9

Source: Lending Finance, Australia, cat. no. 5671.0.





  • The value of lending commitments in August 2009 was lower than in the previous month for owner-occupied housing finance (down 11.5%) and personal finance (down 2.8%). However, lending commitments in these areas were higher than in August of the previous year by 25% and 15% respectively.
  • In comparison with personal finance lending, commercial lending has shown greater volatility over the last few years.






To view Excel spreadsheet : Lending Finance Commitments

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