5671.0 - Lending Finance, Australia, May 2014  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 14/07/2014   
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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 0.2% in trend terms, while the seasonally adjusted series fell 0.7%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 11 July 2014.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 0.7% in May 2014 compared with April 2014. Revolving credit commitments rose 1.9%, while fixed lending commitments fell 0.2%.

In seasonally adjusted terms, the value of total personal finance commitments rose 9.1%. Revolving credit commitments rose 20.4% and fixed lending commitments rose 0.9%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 0.5% in May 2014 compared with April 2014. Revolving credit commitments rose 3.9%, while fixed lending commitments fell 0.7%.

The seasonally adjusted series for the value of total commercial finance commitments fell 6.0% in May 2014, after a rise of 5.9% in April 2014. Fixed lending commitments fell 11.2%, after a rise of 5.8% in the previous month. Revolving credit commitments rose 9.3%, following a rise of 6.0% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.6% in May 2014 and the seasonally adjusted series rose 0.2%.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE



LEASE FINANCE

(Table 1)

The trend series for the value of total lease finance commitments fell 0.1% in May 2014, while the seasonally adjusted series rose 22.4%, after a fall of 21.2% in April 2014.