SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
The trend series for the total value of owner occupied housing commitments excluding alterations and additions decreased 1.4% and the seasonally adjusted series decreased 0.3%.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 12 July 2010.
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments decreased 0.6% in May 2010 compared with April 2010. Revolving credit commitments fell 1.0% and fixed lending commitments fell 0.1%.
In seasonally adjusted terms, the value of total personal finance commitments increased 0.1% in May 2010. Revolving credit commitments rose 0.4%, while fixed lending commitments fell 0.2%.
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments increased 1.5% in May 2010 compared with April 2010. Revolving credit commitments increased 3.6% and fixed lending commitments increased 0.7%.
The seasonally adjusted series for the value of total commercial finance commitments decreased 1.1% in May 2010. Fixed lending commitments fell 5.8%, while revolving credit commitments rose 13.1%.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 0.4% in May 2010, following an increase of 0.5% in April 2010. The seasonally adjusted series rose 0.4% in May 2010.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
The value of total lease finance commitments (trend) increased 0.5% in May 2010. The seasonally adjusted series increased 11.8%.