5671.0 - Lending Finance, Australia, Jul 2011  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/09/2011   
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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 1.4%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 6 September 2011.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 1.1% in July 2011 compared with June 2011. Fixed lending commitments rose 1.1% and revolving credit commitments rose 1.1%.

In seasonally adjusted terms, the value of total personal finance commitments rose 0.5% in July 2011. Revolving credit commitments rose 3.9%, while fixed lending commitments fell 2.3%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 0.9% in July 2011 compared with June 2011. Revolving credit commitments rose 2.2% and fixed lending commitments rose 0.3%.

The seasonally adjusted series for the value of total commercial finance commitments rose 6.1% in July 2011, after a 6.1% fall in June 2011. Revolving credit commitments rose 13.4%, after a 7.8% fall in the previous month. Fixed lending commitments rose 2.7%.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.7% in July 2011, the second consecutive rise after being flat in May 2011 and twelve consecutive falls previously in the series. The seasonally adjusted series rose 2.7% in July 2011.

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) fell 1.3% in July 2011. The seasonally adjusted series rose 3.4%, after a fall of 6.7% in June 2011.