QTPA Member Alert | ABS Lending Finance, Australia, Feb 2012 (16/4/20120

ABS Lending Finance, Australia, Feb 2012

FEBRUARY 2012 KEY FIGURES

		Jan 2012		Feb 2012	Jan 2012 to Feb 2012
		$m		$m	% change

TREND ESTIMATES
	Housing finance for owner occupation(a)	13 772		13 768	0.0
	Personal finance	7 264		7 243	-0.3
	Commercial finance	31 427		30 532	-2.8
	Lease finance	475		483	1.8
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation(a)	13 974		13 410	-4.0
	Personal finance	7 470		7 187	-3.8
	Commercial finance	31 656		29 003	-8.4
	Lease finance	479		498	4.1

(a) Excludes alterations and additions
Personal Finance			Commercial Finance

FEBRUARY KEY POINTS

FEBRUARY 2012 COMPARED WITH JANUARY 2012:

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions was flat (0.0%) in trend terms, while the seasonally adjusted series fell 4.0%.

PERSONAL FINANCE

The trend series for the value of total personal finance commitments fell 0.3%. Revolving credit commitments fell 0.5% and fixed lending commitments fell 0.1%.
The seasonally adjusted series for the value of total personal finance commitments fell 3.8%. Revolving credit commitments fell 9.4%, while fixed lending commitments rose 1.3%.

COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments fell 2.8%. Revolving credit commitments fell 8.1% and fixed lending commitments fell 0.7%.
The seasonally adjusted series for the value of total commercial finance commitments fell 8.4% in February 2012, following a fall of 1.5% in January 2012. Revolving credit commitments fell 26.6%, after a rise of 0.3% in the previous month. Fixed lending commitments fell 0.7%, following a fall of 2.3% in the previous month.

LEASE FINANCE

The trend series for the value of total lease finance commitments rose 1.8% and the seasonally adjusted series rose 4.1%.