5671.0 - Lending Finance, Australia, Feb 2011  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 11/04/2011   
   Page tools: Print Print Page Print all pages in this productPrint All

SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

(Table 1)

The total value of owner occupied housing commitments excluding alterations and additions fell 1.0% in trend terms and the seasonally adjusted series fell 4.8%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 6 April 2011.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments fell 2.3% in February 2011 compared with January 2011. Revolving credit commitments fell 3.0% and fixed lending commitments fell 1.6%.

In seasonally adjusted terms, the value of total personal finance commitments fell 3.5% in February 2011. Fixed lending commitments fell 5.0% and revolving credit commitments fell 1.8%. In seasonally adjusted terms, this was the third consecutive fall in total personal finance commitments.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments was flat (0.0%) in February 2011 compared with January 2011. Revolving credit commitments rose 1.3%, while fixed lending commitments fell 0.5%.

The seasonally adjusted series for the value of total commercial finance commitments fell 6.6% in February 2011. Fixed lending commitments fell 9.9%, while revolving credit commitments rose 1.0%.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 0.8% in February 2011, following a fall of 0.9% in January 2011. The seasonally adjusted series fell 1.4% in February 2011.

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) fell 0.9% in February 2011. The seasonally adjusted series fell 10.4%.