5671.0 - Lending Finance, Australia, Jul 2009

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 14/09/2009

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Main Features Summary of findings About this Release	SUMMARY OF FINDINGS HOUSING FINANCE FOR OWNER OCCUPATION The trend series for the total value of owner occupied housing commitments excluding alterations and additions increased 0.8%, while the seasonally adjusted series fell 1.7%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 September 2009. PERSONAL FINANCE In trend terms, the value of total personal finance commitments increased 0.1% in July 2009 compared with June 2009. Fixed lending commitments rose 1.6%, offset by a fall in revolving credit commitments, down 1.4%. In seasonally adjusted terms, the value of total personal finance commitments decreased 0.8% in July 2009. Fixed lending commitments fell 3.7%, while revolving credit commitments rose 2.3%. In original terms, fixed lending commitments decreased 13.9% (down $568m ) in July 2009 compared with June 2009. Movements in the original series contributing to this decrease were: Refinancing, down $374m (24.7%) Other, down $77m (9.3%) Individual residential blocks of land, down $67m (10.8%). COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments decreased 2.2% in July 2009 compared with June 2009. Both revolving credit commitments and fixed lending commitments fell, down 3.2% and 1.7% respectively. The seasonally adjusted series for the value of total commercial finance commitments decreased 1.0%. Fixed lending commitments fell 4.5%, substantially offset by a rise in revolving credit commitments up 6.8%. The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 1.2% in July 2009, following a revised increase of 1.2% in June 2009. The seasonally adjusted series rose 0.1% in July 2009. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) decreased 1.1% in July 2009. The seasonally adjusted series increased 30.0%. Document Selection These documents will be presented in a new window.