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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions rose 0.4% in trend terms and the seasonally adjusted series rose 2.9%.

Further detail can be found in Table 1 on the downloads tab of this release and in the PDF.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 11 July 2017.


PERSONAL FINANCE

The trend series for the value of total personal finance commitments fell 3.2% in May 2017 compared with April 2017. Fixed lending commitments fell 3.2% and revolving credit commitments fell 3.1%.

The seasonally adjusted series for the value of total personal finance commitments fell 0.5%. Revolving lending commitments fell 3.1%, while fixed lending commitments rose 1.2%.

Further detail can be found in Tables 1 and 4 on the downloads tab of this release and in the PDF.


COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments fell 0.8% in May 2017 compared with April 2017. Fixed lending commitments fell 0.9% and revolving credit commitments fell 0.3%.

The seasonally adjusted series for the value of total commercial finance commitments fell 6.4% in May 2017, following a fall of 6.1% in April 2017. Revolving lending commitments fell 12.5%, following a fall of 24.0% in the previous month. Fixed lending commitments fell 4.9%, following a fall of 0.3% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 1.3% in May 2017 and the seasonally adjusted series fell 1.2%.

Further detail can be found in Tables 1 and 8 on the downloads tab of this release and in the PDF.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE