Personal finance, other than secured housing finance for owner occupation, is finance provided to individuals for personal, non-business use.
In 2003-04, there was a total $699.7 million in personal fixed loans in Tasmania, an increase of $174.7 million (33.3%) on the 2002-03 figure of $525.0 million. Personal fixed loans increased for all purposes with the exception of unsecured loans for owner occupied housing, which decreased by $1.6 million (11.0%). The largest increase was in individual residential blocks of land, up by $32.7 million, or 77.9%.
PERSONAL FINANCE COMMITMENTS, Value of Fixed Loans, Tasmania
|
 | 2000-01 | 2001-02 | 2002-03 | 2003-04 |
| | | | |
| Purpose | $m | $m | $m | $m |
|
| Motor vehicles(a) | 212.7 | 223.6 | 235.1 | 273.1 |
| Boats, caravans and trailers | 10.0 | 9.8 | 11.5 | 14.9 |
| Individual residential blocks of land | 16.4 | 22.9 | 42.0 | 74.7 |
| Unsecured loans for owner occupied housing(b) | 11.4 | 13.6 | 14.6 | 13.0 |
| Household goods | 16.5 | 16.6 | 21.6 | 28.6 |
| Debt consolidations | 26.5 | 41.4 | 47.1 | 64.7 |
| Travel and holidays | 7.7 | 7.3 | 7.4 | 11.9 |
| Refinancing | 39.9 | 44.6 | 60.9 | 105.0 |
| Other | 63.2 | 75.9 | 84.8 | 111.0 |
| Total fixed loans | 404.3 | 455.6 | 525.0 | 699.7 |
(a) Includes motor cycles and other motor vehicles.
(b) Includes alterations and additions.
Source: Lending Finance, Australia - Time Series Spreadsheet (cat. no. 5671.0, table P7). |
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