5671.0 - Lending Finance, Australia, Feb 2009

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 14/04/2009

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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 2.8% and the seasonally adjusted series rose 2.7%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 8 April 2009. PERSONAL FINANCE In trend terms, the value of total personal finance increased 1.0% in February 2009 compared with January 2009. Increases were recorded for both revolving credit commitments (up 1.1%) and fixed lending commitments (up 0.9%). In seasonally adjusted terms, the value of total personal finance commitments decreased 0.2% in February 2009. Revolving credit commitments decreased 1.5%, while fixed lending commitments increased 1.5%. In original terms, fixed lending commitments increased 9.3% (up $232m ) in February 2009 compared with January 2009. Movements in the original series contributing to this increase were: Individual residential blocks of land, up $92m (27.9%) Other, up $59m (11.3%) Debt consolidation, up $57m (21.4%) COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments decreased 2.6% in February 2009 compared with January 2009. This was due to a fall in fixed lending commitments (down 3.2%) and revolving credit commitments falling 1.5%. The seasonally adjusted series for the value of total commercial finance commitments decreased 14.7% in February 2009 compared with January 2009. This was driven by a fall in revolving credit commitments (down 25.6%). Fixed lending commitments fell 7.5%. The value of purchases of dwellings by individuals for rent or resale (trend) decreased 0.7% in February 2009, after a revised decrease of 0.7% in January 2009. The seasonally adjusted series rose 0.1% in February 2009. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) decreased 2.4% in February 2009, while the seasonally adjusted series increased 1.7%. Document Selection These documents will be presented in a new window.