5671.0 - Lending Finance, Australia, Aug 2014  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/10/2014   
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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions fell 0.1% in trend terms and the seasonally adjusted series fell 2.0%.

Further detail can be found in Table 1 on the downloads tab and in the pdf.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 10 October 2014.


PERSONAL FINANCE

In trend terms, the value of total personal finance commitments rose 1.0% in August 2014 compared with July 2014. Fixed lending commitments rose 1.0% and revolving credit commitments rose 0.9%.

In seasonally adjusted terms, the value of total personal finance commitments rose 5.2%. Revolving credit commitments rose 5.9% and fixed lending commitments rose 4.7%.

Further detail can be found in Tables 1 and 4 on the downloads tab and in the pdf.


COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments rose 0.2% in August 2014 compared with July 2014. Revolving credit commitments rose 0.4% and fixed lending commitments rose 0.1%.

The seasonally adjusted series for the value of total commercial finance commitments fell 16.3% in August 2014, after a rise of 3.4% in July 2014. Fixed lending commitments fell 18.6%, after a rise of 21.0% in the previous month. Revolving credit commitments fell 9.6%, following a fall of 26.8% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 1.0% in August 2014 and the seasonally adjusted series fell 1.1%.

Further detail can be found in Tables 1 and 8 on the downloads tab and in the pdf.

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



LEASE FINANCE

The trend series for the value of total lease finance commitments rose 1.1% in August 2014, and the seasonally adjusted series rose 8.7%, after a fall of 7.3% in July 2014.

Further detail can be found in Table 1 on the downloads tab and in the pdf.