5671.0 - Lending Finance, Australia, Jun 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 11/08/2008   
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JUNE KEY FIGURES

May 2008
Jun 2008
May 2008 to Jun 2008
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
12 930
12 470
-3.6
Personal finance
6 579
6 471
-1.6
Commercial finance
34 155
32 184
-5.8
Lease finance
579
579
0.0
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
12 608
12 467
-1.1
Personal finance
6 301
6 667
5.8
Commercial finance
34 007
33 326
-2.0
Lease finance
542
606
11.7


Personal finance
Graph: PERSONAL FINANCE

Commercial finance
Graph: COMMERCIAL FINANCE




JUNE KEY POINTS


JUNE 2008 COMPARED WITH MAY 2008:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions decreased both in trend terms (down 3.6%) and seasonally adjusted (down 1.1%).


PERSONAL FINANCE
  • The trend series for the value of total personal finance fell 1.6%, due to a fall in both fixed lending commitments (down 2.4%) and revolving credit commitments (down 1.0%).
  • The seasonally adjusted series for the value of total personal finance commitments rose 5.8%, due to a rise in both fixed lending commitments (up 10.6%) and revolving credit commitments (up 2.1%).


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments fell 5.8%. This was due to a fall in both fixed lending commitments (down 6.9%) and revolving credit commitments (down 3.6%).
  • The seasonally adjusted series for the value of total commercial finance commitments fell 2.0%. This decrease was due to a fall in both revolving credit commitments (down 5.0%) and fixed lending commitments (down 0.4%).


LEASE FINANCE
  • Lease finance commitments (trend) recorded no change, while the seasonally adjusted series rose by 11.7%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
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
December 2008 16 February 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.