5671.0 - Lending Finance, Australia, Aug 2009

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/10/2009

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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 decreased 0.2% and the seasonally adjusted series fell 1.7%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 7 October 2009. PERSONAL FINANCE In trend terms, the value of total personal finance commitments increased 1.0% in August 2009 compared with July 2009. Fixed lending commitments rose 1.3% and revolving credit commitments rose 0.7%. In seasonally adjusted terms, the value of total personal finance commitments increased 4.1% in August 2009. Revolving credit commitments rose 4.5% and fixed lending commitments rose 3.6%. In original terms, fixed lending commitments decreased 4.7% (down $164m ) in August 2009 compared with July 2009. The major movements in the original series contributing to this decrease were: Refinancing, down $62m (5.4%) Other, down $55m (7.4%) Total motor vehicles, down $17m (2.4%). COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments decreased 0.3% in August 2009 compared with July 2009. Revolving credit commitments fell 0.9%, while fixed lending commitments recorded no change in percentage terms. The seasonally adjusted series for the value of total commercial finance commitments increased 5.6%, driven mainly by a rise of 7.6% in fixed lending commitments. Revolving credit commitments rose 1.0%. The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 1.1% in August 2009, following a revised increase of 1.4% in July 2009. The seasonally adjusted series rose 3.8% in August 2009. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) decreased 0.7% in August 2009. The seasonally adjusted series decreased 9.4%. Document Selection These documents will be presented in a new window.