5671.0 - Lending Finance, Australia, Feb 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 15/04/2008   
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FEBRUARY KEY FIGURES

Jan 2008
Feb 2008
Jan 2008 to Feb 2008
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
15 471
15 446
-0.2
Personal finance
7 379
7 479
1.4
Commercial finance
47 036
47 451
0.9
Lease finance
610
610
0.0
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
15 899
14 947
-6.0
Personal finance
7 382
7 451
0.9
Commercial finance
51 043
45 723
-10.4
Lease finance
624
596
-4.4


Personal finance
Graph: Personal finance

Commercial finance
Graph: Commercial finance




FEBRUARY KEY POINTS


FEBRUARY 2008 COMPARED WITH JANUARY 2008:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions decreased 0.2% (trend) and the seasonally adjusted series fell 6.0%.


PERSONAL FINANCE
  • The trend series for the value of total personal finance rose 1.4%, due to a rise in both revolving credit commitments (up 1.6%) and fixed lending commitments (up 1.0%).
  • The seasonally adjusted series for the value of total personal finance commitments rose 0.9%. This was due to a rise in revolving credit commitments (up 2.4%), which was partly offset by a fall in fixed lending commitments (down 0.8%).


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments rose 0.9%. This was due to a rise in fixed lending commitments (up 1.7%), which was partly offset by a fall in revolving credit commitments (down 0.7%).
  • The seasonally adjusted series for the value of total commercial finance commitments fell 10.4%. This decrease was due to a fall in both fixed lending commitments (down 13.8%) and revolving credit commitments (down 2.8%).


LEASE FINANCE
  • Lease finance commitments (trend) showed no movement. The lease finance seasonally adjusted series fell by 4.4%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
March 2008 13 May 2008
April 2008 11 June 2008
May 2008 14 July 2008
June 2008 11 August 2008
July 2008 10 September 2008
August 2008 13 October 2008



REVISIONS

Revisions were made to Personal Finance to include the latest available administrative and survey data.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Susan Schemen on Canberra (02) 6252 5171.