5671.0 - Lending Finance, Australia, May 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 14/07/2008   
   Page tools: Print Print Page Print all pages in this productPrint All

MAY KEY FIGURES

Apr 2008
May 2008
Apr 2008 to May 2008
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
13 582
13 076
-3.7
Personal finance
6 666
6 502
-2.5
Commercial finance
37 216
34 647
-6.9
Lease finance
574
565
-1.6
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
13 347
12 581
-5.7
Personal finance
6 795
6 262
-7.8
Commercial finance
33 242
34 302
3.2
Lease finance
585
544
-7.1


Personal finance
Graph: PERSONAL FINANCE

Commercial finance
Graph: COMMERCIAL FINANCE




MAY KEY POINTS


MAY 2008 COMPARED WITH APRIL 2008:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions decreased both in trend terms (down 3.7%) and seasonally adjusted (down 5.7%).


PERSONAL FINANCE
  • The trend series for the value of total personal finance fell 2.5%, due to a fall in both fixed lending commitments (down 3.2%) and revolving credit commitments (down 1.9%).
  • The seasonally adjusted series for the value of total personal finance commitments fell 7.8%, due to a fall in both fixed lending commitments (down 11.9%) and revolving credit commitments (down 4.5%).


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments fell 6.9%. This was due to a fall in both fixed lending commitments (down 8.3%) and revolving credit commitments (down 4.2%).
  • The seasonally adjusted series for the value of total commercial finance commitments rose 3.2%. This increase was due to a rise in both revolving credit commitments (up 7.2%) and fixed lending commitments (up 1.1%).


LEASE FINANCE
  • Lease finance commitments (trend) decreased by 1.6%. The lease finance seasonally adjusted series fell by 7.1%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2008 11 August 2008
July 2008 10 September 2008
August 2008 13 October 2008
September 2008 12 November 2008
October 2008 15 December 2008
November 2008 19 January 2009



REVISIONS

Revisions were made to Housing , 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 Philip Beresford on Canberra (02) 6252 6052.