5671.0 - Lending Finance, Australia, Jun 2011  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 10/08/2011   
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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

(Table 1)

The total value of owner occupied housing commitments excluding alterations and additions rose 0.9% in trend terms, while the seasonally adjusted series was flat (0.0%).

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 August 2011.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 0.6% in June 2011 compared with May 2011. Fixed lending commitments rose 1.5%, while revolving credit commitments fell 0.5%.

In seasonally adjusted terms, the value of total personal finance commitments fell 0.8% in June 2011. Revolving credit commitments fell 4.3%, while fixed lending commitments rose 2.2%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments fell 0.3% in June 2011 compared with May 2011. Fixed lending commitments fell 0.6%, while revolving credit commitments rose 0.2%.

The seasonally adjusted series for the value of total commercial finance commitments fell 6.5% in June 2011, after a rise of 8.8% in May 2011. Revolving credit commitments fell 8.4% and fixed lending commitments fell 5.6%, after a 9.0% rise in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 0.3% in June 2011, the 14th consecutive fall in the series. The seasonally adjusted series fell 4.8% in June 2011.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE



LEASE FINANCE

(Table 1)

The value of total lease finance commitments (trend) fell 1.7% in June 2011. The seasonally adjusted series fell 7.2%, following a fall of 5.6% in May 2011.