5671.0 - Lending Finance, Australia, Dec 2008

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 16/02/2009

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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 1.7% and the seasonally adjusted series rose 7.1%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 11 February 2009. PERSONAL FINANCE In trend terms, the value of total personal finance decreased 0.4% in December 2008 compared with November 2008. Fixed lending commitments were down 0.8%, with revolving credit commitments down 0.1%. In seasonally adjusted terms, the value of total personal finance commitments increased 4.1% in December 2008. This was due primarily to an increase in fixed lending commitments (up 8.9%). Revolving credit commitments were up slightly (0.7%). In original terms, fixed lending commitments increased 15.8% (up $384m ) in December 2008 compared with November 2008. Movements in the original series contributing to this increase were: Refinancing, up $139m (23.7%) Total motor vehicles, up $114m (16.8%) Individual residential blocks of land, up $54m (15.0%) COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments decreased 1.7% in December 2008 compared with November 2008. This was due to falls in revolving credit commitments (down 2.5%) and fixed lending commitments (down 1.2%). The seasonally adjusted series for the value of total commercial finance commitments increased 1.8% in December 2008 compared with November 2008. This was due to a rise in revolving credit commitments (up 40.4%), which was largely offset by a fall in fixed lending commitments (down 13.0%). The value of purchases of dwellings by individuals for rent or resale (trend) decreased 0.2% in December 2008, after a revised decrease of 0.1% in November 2008. The seasonally adjusted series roes 5.8% in December 2008. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) decreased 0.4% in December 2008 and the seasonally adjusted series increased 5.1%. Document Selection These documents will be presented in a new window.