5671.0 - Lending Finance, Australia, May 2009

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/07/2009

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Main Features Summary of findings About this Release	SUMMARY OF FINDINGS HOUSING FINANCE FOR OWNER OCCUPATION The trend series for the total value of owner occupied housing commitments excluding alterations and additions increased 3.0% and the seasonally adjusted series rose 2.3%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 8 July 2009. PERSONAL FINANCE In trend terms, the value of total personal finance commitments decreased 0.9% in May 2009 compared with April 2009. Revolving credit commitments fell 2.9%, while fixed lending commitments rose 1.4%. In seasonally adjusted terms, the value of total personal finance commitments decreased 2.9% in May 2009. Revolving credit commitments decreased 4.8% and fixed lending commitments decreased 0.8%. In original terms, fixed lending commitments increased 9.5% (up $265m ) in May 2009 compared with April 2009. Movements in the original series contributing to this increase were: Refinancing, up $120m (17.8%) Other, up $66m (11.0%) Individual residential blocks of land, up $57m (11.2%) COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments increased 0.4% in May 2009 compared with April 2009. Fixed lending commitments rose 1.1%, while revolving credit commitments fell 0.9%. The seasonally adjusted series for the value of total commercial finance commitments rose 4.0% in May 2009 compared with April 2009. This was driven by increases in fixed lending commitments (up 4.1%) and revolving credit commitments (up 3.8%). The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 2.0% in May 2009, following a revised increase of 1.8% in April 2009. The seasonally adjusted series rose 0.8% in May 2009. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) decreased 2.9% in May 2009. The seasonally adjusted series decreased 1.9%. Document Selection These documents will be presented in a new window.