5671.0 - Lending Finance, Australia, May 2012  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 16/07/2012   
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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 fell 0.3% in trend terms, while the seasonally adjusted series rose 0.2%.

For further information, please refer to Housing Finance, Australia (cat.no. 5609.0) which was released on 11 July 2012.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 0.7% in May 2012 compared with April 2012. Fixed lending commitments rose 1.0% and revolving credit commitments rose 0.3%.

In seasonally adjusted terms, the value of total personal finance commitments rose 0.4%. Fixed lending commitments rose 2.0%, while revolving credit commitments fell 1.5%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 1.1% in May 2012 compared with April 2012. Revolving credit commitments rose 2.6% and fixed lending commitments rose 0.5%.

The seasonally adjusted series for the value of total commercial finance commitments fell 12.0% in May 2012, after a rise of 10.3% in April 2012. Revolving credit commitments fell 19.4%, after a rise of 26.6% in the previous month. Fixed lending commitments fell 8.7%, after a rise of 4.4% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 0.3% in May 2012, while the seasonally adjusted series was flat (0.0%) in May 2012.

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) rose 2.8% in May 2012. The seasonally adjusted series rose 3.2%, following a rise of 7.2% in April 2012.