5671.0 - Lending Finance, Australia, Jun 2013  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/08/2013   
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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 rose 1.5% in trend terms and the seasonally adjusted series rose 2.1%.

For further information, please refer to Housing Finance, Australia (cat.no. 5609.0), which was released on 7 August 2013.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments was flat in June 2013 compared with May 2013. Fixed lending commitments rose 0.3%, while revolving credit commitments fell 0.4%.

In seasonally adjusted terms, the value of total personal finance commitments fell 2.7%. Revolving credit commitments fell 3.2% and fixed lending commitments fell 2.5%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 2.7% in June 2013 compared with May 2013. Revolving credit commitments rose 5.4% and fixed lending commitments rose 1.7%.

The seasonally adjusted series for the value of total commercial finance commitments rose 11.5% in June 2013, following a rise of 3.4% in May 2013 and a rise of 2.5% in April 2013. Revolving credit commitments rose 48.8%, after a fall of 9.1% in the previous month. Fixed lending commitments rose 0.5%, following a rise of 7.8% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 1.2% in June 2013 and the seasonally adjusted series rose 0.7%.

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 0.5% in June 2013. The seasonally adjusted series rose 8.2%, after a fall of 4.4% in May 2013.