5671.0 - Lending Finance, Australia, Sep 2012  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/11/2012   
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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 0.5% 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 November 2012.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments fell 0.1% in September 2012 compared with August 2012. Revolving credit commitments fell 1.2%, while fixed lending commitments rose 0.7%.

In seasonally adjusted terms, the value of total personal finance commitments rose 2.6%. Revolving credit commitments rose 3.0% and fixed lending commitments rose 2.4%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments fell 2.4% in September 2012 compared with August 2012. Revolving credit commitments fell 3.8% and fixed lending commitments fell 1.9%.

The seasonally adjusted series for the value of total commercial finance commitments rose 6.9% in September 2012, after a fall of 4.7% in August 2012. Revolving credit commitments rose 10.9%, after a fall of 7.1% in the previous month. Fixed lending commitments rose 5.4%, after a fall of 3.8% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.5% in September 2012 and the seasonally adjusted series rose 3.6%.

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



LEASE FINANCE

(Table 1)

The value of total lease finance commitments (trend) rose 0.4% in September 2012. The seasonally adjusted series rose 10.1%, after a fall of 4.5% in August 2012.