Bad Loans Australia

Lending Finance, Australia, August 2017

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AUGUST 2017 COMPARED WITH JULY 2017:

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions rose 0.9% in trend terms, and the seasonally adjusted series rose 0.9%.

PERSONAL FINANCE

The trend series for the value of total personal finance commitments rose 0.5%. Revolving credit commitments rose 0.8% and fixed lending commitments rose 0.4%.

The seasonally adjusted series for the value of total personal finance commitments rose 2.4%. Revolving credit commitments rose 6.4% while fixed lending commitments was flat.

COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments was flat. Fixed lending commitments rose 0.4% while revolving credit commitments fell 1.7%.

The seasonally adjusted series for the value of total commercial finance commitments rose 2.3%. Revolving credit commitments rose 4.3% and fixed lending commitments rose 1.8%.

LEASE FINANCE

The trend series for the value of total lease finance commitments rose 1.5% in August 2017 while the seasonally adjusted series fell 0.6%, following a 6.8% fall in July 2017.

(Source: Australian Bureau of Statistics )