5671.0 - Lending Finance, Australia, February 2017 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/04/2017   
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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions rose 0.2% in trend terms and the seasonally adjusted series fell 0.5%.

Further detail can be found in Table 1 on the downloads tab of this release and in the PDF.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 10 April 2017.


PERSONAL FINANCE

The trend series for the value of total personal finance commitments fell 0.3% in February 2017 compared with January 2017. Fixed lending commitments fell 0.6%, while revolving credit commitments rose 0.2%.

The seasonally adjusted series for the value of total personal finance commitments fell 3.8%. Fixed lending commitments fell 4.7% and revolving credit commitments fell 2.2%.

Further detail can be found in Tables 1 and 4 on the downloads tab of this release and in the PDF.


COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments fell 1.8% in February 2017 compared with January 2017. Revolving lending commitments fell 3.2% and fixed lending commitments fell 1.5%.

The seasonally adjusted series for the value of total commercial finance commitments rose 1.8% in February 2017, after a fall of 7.3% in January 2017. Revolving lending commitments rose 25.5%, after a fall of 20.0% in the previous month. Fixed lending commitments fell 2.8%, following a fall of 4.4% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.1% in February 2017 and the seasonally adjusted series fell 3.4%.

Further detail can be found in Tables 1 and 8 on the downloads tab of this release and in the PDF.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: Graph shows commitments for the purchase of dwellings by individuals for rent or resale



LEASE FINANCE

The trend series for the value of total lease finance commitments rose 6.4% in February 2017 and the seasonally adjusted series fell 31.5%, after a rise of 73.6% in January 2017.

Further detail can be found in Table 1 on the downloads tab of this release and in the PDF.