5671.0 - Lending Finance, Australia, Jan 2014  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 14/03/2014   
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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 1.5%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 12 March 2014.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments fell 0.3% in January 2014 compared with December 2013. Revolving credit commitments fell 1.2%, while fixed lending commitments rose 0.4%.

In seasonally adjusted terms, the value of total personal finance commitments rose 0.6%. Revolving credit commitments rose 1.3%, while fixed lending commitments rose 0.1%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 3.0% in January 2014 compared with December 2013. Revolving credit commitments rose 4.3%, and fixed lending commitments rose 2.7%.

The seasonally adjusted series for the value of total commercial finance commitments rose 2.1% in January 2014, following a rise of 5.5% in December 2013. Fixed lending commitments rose 2.2%, following a rise of 3.5% in the previous month. Revolving credit commitments rose 1.6%, following a rise of 12.1% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 1.9% in January 2014 while the seasonally adjusted series fell 0.6%.

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 4.3%, following a rise of 0.2% in December 2013.