5671.0 - Lending Finance, Australia, Jul 2014  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/09/2014   
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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 0.3% in trend terms and the seasonally adjusted series was flat.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 September 2014.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 0.4% in July 2014 compared with June 2014. Revolving credit commitments rose 0.8% and fixed lending commitments rose 0.1%.

In seasonally adjusted terms, the value of total personal finance commitments fell 1.3%. Revolving credit commitments fell 4.7%, while fixed lending commitments rose 1.5%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 2.7% in July 2014 compared with June 2014. Revolving credit commitments rose 5.1% and fixed lending commitments rose 1.6%.

The seasonally adjusted series for the value of total commercial finance commitments rose 3.7% in July 2014, following a rise of 11.8% in June 2014. Fixed lending commitments rose 20.7%, following a rise of 0.8% in the previous month. Revolving credit commitments fell 25.9%, after a rise of 37.7% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 1.3% in July 2014 and the seasonally adjusted series rose 3.7%.

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



LEASE FINANCE

(Table 1)

The trend series for the value of total lease finance commitments rose 0.1% in July 2014, while the seasonally adjusted series fell 7.2%, after a rise of 1.0% in June 2014.