5671.0 - Lending Finance, Australia, Jan 2009

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 16/03/2009

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Main Features Summary of findings TIME SERIES DATA 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 increased 2.5% and the seasonally adjusted series rose 2.3%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 11 March 2009. PERSONAL FINANCE In trend terms, the value of total personal finance increased 0.6% in January 2009 compared with December 2008. Increases were recorded for revolving credit commitments (up 0.8%) and fixed lending commitments (up 0.2%). In seasonally adjusted terms, the value of total personal finance commitments increased 1.4% in January 2009. Revolving credit commitments increased 3.4%, while fixed lending commitments decreased 1.1%. In original terms, fixed lending commitments decreased 10.7% (down $301m ) in January 2009 compared with December 2008. Movements in the original series contributing to this decrease were: Refinancing, down $112m (15.4%) Individual residential blocks of land, down $86m (20.8%) Total motor vehicles, down $44m (5.6%) COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments decreased 0.4% in January 2009 compared with December 2008. Fixed lending commitments fell 2.0%, while revolving credit commitments rose 2.3%. The seasonally adjusted series for the value of total commercial finance commitments increased 6.5% in January 2009 compared with December 2008. This was due to a rise in revolving credit commitments (up 14.7%). Fixed lending commitments also rose 1.2%. The value of purchases of dwellings by individuals for rent or resale (trend) decreased 0.5% in January 2009, after a revised decrease of 0.6% in December 2008. The seasonally adjusted series fell 3.2% in January 2009. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) decreased 2.0% in January 2009 and the seasonally adjusted series decreased 17.4%. Document Selection These documents will be presented in a new window.