5671.0 - Lending Finance, Australia, Jul 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/09/2008   
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JULY KEY FIGURES

Jun 2008
Jul 2008
Jun 2008 to Jul 2008
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
12 531
12 202
-2.6
Personal finance
6 540
6 504
-0.5
Commercial finance
32 357
30 862
-4.6
Lease finance
572
567
-0.9
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
12 485
12 474
-0.1
Personal finance
6 681
6 648
-0.5
Commercial finance
33 117
32 536
-1.8
Lease finance
596
563
-5.6


Personal finance
Graph: PERSONAL FINANCE

Commercial finance
Graph: COMMERCIAL FINANCE




JULY KEY POINTS


JULY 2008 COMPARED WITH JUNE 2008:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions decreased both in trend terms (down 2.6%) and seasonally adjusted (down 0.1%).


PERSONAL FINANCE
  • The trend series for the value of total personal finance fell 0.5%, due to a fall in fixed lending commitments (down 2.0%), while revolving credit commitments rose 0.6%.
  • The seasonally adjusted series for the value of total personal finance commitments fell 0.5%, due to a fall in fixed lending commitments (down 3.7%), while revolving credit commitments rose 2.1%.


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments fell 4.6%. This was due to a fall in both fixed lending commitments (down 5.0%) and revolving credit commitments (down 4.0%).
  • The seasonally adjusted series for the value of total commercial finance commitments fell 1.8%. This decrease was due to a fall in fixed lending commitments (down 3.2%), while revolving credit commitments rose 1.1%.


LEASE FINANCE
  • Lease finance commitments (trend) fell by 0.9%, while the seasonally adjusted series fell by 5.6%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
August 2008 13 October 2008
September 2008 12 November 2008
October 2008 15 December 2008
November 2008 19 January 2009
December 2008 16 February 2009
January 2009 16 March 2009



REVISIONS

Revisions were made to Personal and Commercial Finance to include the latest available administrative and survey data.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Susan Schemen on Canberra (02) 6252 5171.