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5671.0 - Lending Finance, Australia, May 2011  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/07/2011   
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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 0.1% in trend terms and the seasonally adjusted series rose 2.2%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 11 July 2011.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments fell 0.4% in May 2011 compared with April 2011. Revolving credit commitments fell 1.3%, while fixed lending commitments rose 0.4%.

In seasonally adjusted terms, the value of total personal finance commitments rose 3.8% in May 2011. Revolving credit commitments rose 6.4% and fixed lending commitments rose 1.7%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 0.2% in May 2011 compared with April 2011. Revolving credit commitments rose 1.4%, while fixed lending commitments fell 0.3%.

The seasonally adjusted series for the value of total commercial finance commitments rose 8.7% in May 2011, after a fall of 8.2% in April 2011. Fixed lending commitments rose 9.0% in May 2011, after a fall of 11.2% in April 2011 and revolving credit commitments rose 8.0%.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 0.4% in May 2011, the 13th consecutive fall in the series. The seasonally adjusted series rose 3.4% in May 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 0.1% in May 2011. The seasonally adjusted series fell 5.7% in May 2011, after rises of 2.1% in April and 11.2% in March 2011.


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