ABS Release 15/02/2010

Lending Finance, Australia, Dec 2009

DECEMBER 2009 COMPARED WITH NOVEMBER 2009:

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions decreased 1.4% in trend terms and the seasonally adjusted series decreased 4.7%.

PERSONAL FINANCE

The trend series for the value of total personal finance commitments decreased 0.1%. Fixed lending commitments fell 1.2%, while revolving credit commitments rose 0.9%;

The seasonally adjusted series for the value of total personal finance commitments increased 0.2%. Revolving credit commitments rose 2.2%, while fixed lending commitments fell 2.1%.

COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments decreased 0.8%. Revolving credit commitments decreased 2.1% and fixed lending commitments decreased 0.3%;

The seasonally adjusted series for the value of total commercial finance commitments was flat. Revolving credit commitments rose 3.8%, while fixed lending commitments fell 1.3%.

LEASE FINANCE

The total value of lease finance commitments increased 0.6% in trend terms and the seasonally adjusted series increased 8.7%.