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5671.0 - Lending Finance, Australia, Jun 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 11/08/2006   
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JUNE KEY FIGURES

May 2006
Jun 2006
May 2006 to Jun 2006
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
13 717
13 919
1.5
Personal finance
6 950
7 016
0.9
Commercial finance
31 906
32 019
0.4
Lease finance
565
552
-2.4
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
13 939
14 056
0.8
Personal finance
7 084
6 891
-2.7
Commercial finance
33 010
33 283
0.8
Lease finance
596
558
-6.2

Personal finance
Graph: PERSONAL FINANCE

Commercial finance
Graph: COMMERCIAL FINANCE



JUNE KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

June 2006 COMPARED WITH May 2006:

  • The total value of owner-occupied housing commitments excluding alterations and additions increased by 0.8% (seasonally adjusted), while the trend series rose 1.5%.


PERSONAL FINANCE

June 2006 COMPARED WITH May 2006:
  • The seasonally adjusted series for the value of total personal finance commitments fell by 2.7%. This decrease was due to a fall in revolving credit commitments (down 8.3%) more than offsetting a rise in fixed lending commitments (up 4.7%).
  • The trend series for the value of total personal finance commitments rose by 0.9% due to increases in both fixed lending (up 2.0%) and revolving credit commitments (up 0.2%).


COMMERCIAL FINANCE

June 2006 COMPARED WITH May 2006:
  • The seasonally adjusted series for the value of total commercial finance commitments rose by 0.8%. This increase was due to a rise in revolving credit commitments (up 9.4%) more than offsetting a fall in fixed lending commitments (down 3.0%).
  • The trend series for the value of total commercial finance commitments rose by 0.4%. Fixed lending commitments rose by 0.8%, while revolving credit decreased by 0.5%


LEASE FINANCE

June 2006 COMPARED WITH May 2006:
  • Lease finance commitments (seasonally adjusted) decreased by 6.2%. The lease finance trend series fell by 2.4%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
July 2006 11 September 2006
August 2006 13 October 2006
September 2006 13 November 2006
October 2006 12 December 2006
November 2006 17 January 2007
December 2006 13 February 2007



CHANGES IN THIS ISSUE

There are no significant changes to this issue.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Michael Abbondante on Canberra (02) 6252 6707.



SUMMARY COMMENTARY


TIME SERIES DATA


TIME SERIES DATA

Data available free on the ABS web site <http://www.abs.gov.au> include:

  • longer time series of tables in this publication, and
  • the following tables:
      C1a. Commercial finance commitments (original, seasonally adjusted, trend)
      C1b. Commercial finance commitments, fixed loans and revolving credit
      C1c. Commercial finance commitments, fixed loans and revolving credit by lender
      C1d. Commercial finance commitments, fixed loans by industry
      C1e. Commercial finance commitments, revolving credit by industry
      C2 to C9. Commercial finance commitments, fixed loans and revolving credit by state and territory
      L1a. Lease finance commitments, summary (original, seasonally adjusted, trend)
      L1b. Lease finance commitments by purpose
      L1c. Lease finance commitments by purpose and lender
      L1d. Lease finance commitments by industry
      L2 to L9. Lease finance commitments by purpose and state and territory
      OL1b. Operating lease finance commitments by purpose
      OL1c. Operating lease finance commitments by lender
      OL1d. Operating lease finance commitments by industry
      OL2 to OL9. Operating lease finance commitments by purpose and state and territory
      P1a. Personal finance commitments, summary (original, seasonally adjusted, trend)
      P1b. Personal finance commitments, fixed loans and revolving credit
      P1c. Personal finance commitments, fixed loans and revolving credit by lender
      P2 to P9. Personal finance commitments, fixed loans and revolving credit by state and territory
      13 Lending Finance Seasonal Factors, By Purpose and Lender: Australia, January 1985 to June 2007.


SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions increased by 0.8% (seasonally adjusted) in June 2006 compared with May 2006, while the trend series rose 1.5%.


For further information, please refer to Housing Finance, Australia (cat. no. 5609.0).



PERSONAL FINANCE

In seasonally adjusted terms, the value of total personal finance commitments fell by 2.7% in June 2006 compared with May 2006. This fall was due to a decrease in revolving credit commitments (down 8.3%) more than offsetting fixed lending commitments (up 4.7%).


In trend terms, the value of total personal finance commitments rose by 0.9% in June 2006. The trend series for fixed lending commitments increased by 2.0%, while revolving credit commitments rose 0.2%.


In original terms, fixed lending commitments increased by $134m (up 4.1%) in June 2006 compared with May 2006.


Movements in the original series contributing to this increase were:

  • Refinancing, up $153m (19.0%), compared with an average May to June increase of 3.2% over the previous three years.


COMMERCIAL FINANCE

The seasonally adjusted series for the value of total commercial finance commitments rose by 0.8% in June 2006. The increase was due to the increases in revolving credit commitments (up 9.4%) more than offsetting a decrease in fixed lending commitments (down 3.0%)


The trend series for commercial finance commitments increased 0.4% in June 2006. An increase was recorded for fixed lending commitments (up 0.8%), while revolving credit commitments fell (down 0.5%).


The value of commitments for purchases of dwellings by individuals for rent or resale (seasonally adjusted) rose by 7.3% in June 2006, after an increase of 9.1% in May 2006. The trend series rose by 2.9%.

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




LEASE FINANCE

The value of lease finance commitments (seasonally adjusted) decreased by 6.2%. The trend series for lease finance commitments fell by 2.4%.

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