5671.0 - Lending Finance, Australia, Feb 2014  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 11/04/2014   
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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 rose 0.9% in trend terms and the seasonally adjusted series rose 1.9%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 April 2014.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 0.6% in February 2014 compared with January 2014. Fixed lending commitments rose 0.6% and revolving credit commitments rose 0.6%.

In seasonally adjusted terms, the value of total personal finance commitments rose 3.0%. Revolving credit commitments rose 5.9% and fixed lending commitments rose 0.9%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 1.6% in February 2014 compared with January 2014. Revolving credit commitments rose 1.7% and fixed lending commitments rose 1.6%.

The seasonally adjusted series for the value of total commercial finance commitments fell 2.5% in February 2014, after a rise of 2.1% in January 2014. Revolving credit commitments fell 4.9%, after a rise of 1.7% in the previous month. Fixed lending commitments fell 1.8%, after a rise of 2.2% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.7% in February 2014, while the seasonally adjusted series fell 2.0%.

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



LEASE FINANCE

(Table 1)

The trend series for the value of total lease finance commitments rose 2.7% and the seasonally adjusted series rose 0.9%, following a rise of 4.7% in January 2014.