5671.0 - Lending Finance, Australia, Feb 2013  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 16/04/2013   
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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

(Table 1)

The total value of owner occupied housing commitments excluding alterations and additions was flat in trend terms, while the seasonally adjusted series rose 1.2%.

For further information, please refer to Housing Finance, Australia (cat.no. 5609.0), which was released on 15 April 2013.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 1.1% in February 2013 compared with January 2013. Revolving credit commitments rose 1.8% and fixed lending commitments rose 0.6%.

In seasonally adjusted terms, the value of total personal finance commitments rose 2.8%. Revolving credit commitments rose 5.2% and fixed lending commitments rose 1.1%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments fell 0.7% in February 2013 compared with January 2013. Revolving credit commitments fell 2.9%, while fixed lending commitments rose 0.1%.

The seasonally adjusted series for the value of total commercial finance commitments rose 1.0% in February 2013, after a fall of 9.8% in January 2013 and a rise of 10.2% in December 2012. Fixed lending commitments rose 3.7%, after a fall of 5.2% in the previous month. Revolving credit commitments fell 6.5%, following a fall of 20.5% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 1.0% in February 2013 and the seasonally adjusted series rose 1.0%.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE



LEASE FINANCE

(Table 1)

The value of total lease finance commitments (trend) fell 0.5% in February 2013. The seasonally adjusted series rose 1.7%, following a rise of 15.8% in January 2013.