5671.0 - Lending Finance, Australia, Jan 2010  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 15/03/2010   
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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

(Table 1)

The trend series for the total value of owner occupied housing commitments excluding alterations and additions decreased 2.4% and the seasonally adjusted series decreased 5.0%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 10 March 2010.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments decreased 0.2% in January 2010 compared with December 2009. Fixed lending commitments fell 1.1%, while revolving credit commitments rose 0.7%.

In seasonally adjusted terms, the value of total personal finance commitments decreased 1.5% in January 2010. Fixed lending commitments fell 2.1% and revolving credit commitments fell 1.1%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments decreased 1.4% in January 2010 compared with December 2009. Revolving credit commitments decreased 4.3% and fixed lending commitments decreased 0.4%.

The seasonally adjusted series for the value of total commercial finance commitments decreased 1.6 % in January 2010. Revolving credit commitments fell 6.7%, while fixed lending commitments rose 0.3%.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 1.0% in January 2010, following an increase of 1.2% in December 2009. The seasonally adjusted series rose 2.4% in January 2010.

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 lease finance commitments (trend) decreased 1.8% in January 2010. The seasonally adjusted series decreased 10.3%.