5671.0 - Lending Finance, Australia, Jun 2012  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/08/2012   
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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 0.1% in trend terms and the seasonally adjusted series rose 1.2%.

For further information, please refer to Housing Finance, Australia (cat.no. 5609.0), which was released on 8 August 2012.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 0.5% in June 2012 compared with May 2012. Fixed lending commitments rose 1.2%, while revolving credit commitments fell 0.5%.

In seasonally adjusted terms, the value of total personal finance commitments rose 1.9%. Revolving credit commitments rose 2.3% and fixed lending commitments rose 1.6%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 0.2% in June 2012 compared with May 2012. Revolving credit commitments rose 0.8% and fixed lending commitments was flat (0.0%).

The seasonally adjusted series for the value of total commercial finance commitments rose 2.3% in June 2012, after a fall of 12.1% in May 2012. Fixed lending commitments rose 3.3%, after a fall of 8.8% in the previous month. Revolving credit commitments fell 0.3%, following a fall of 19.6% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) was flat (0.0%) in June 2012, while the seasonally adjusted series rose 2.0% in June 2012.

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) rose 2.4% in June 2012. The seasonally adjusted series fell 2.9%, after a rise of 1.8% in May 2012.