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5671.0 - Lending Finance, Australia, Jun 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/08/2005   
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JUNE KEY FIGURES

May 2005
Jun 2005
May 2005 to Jun 2005
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation
11,708
11,699
-0.1
Personal finance
5,980
5,953
-0.5
Commercial finance
25,894
26,071
0.7
Lease finance
524
518
-1.2
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation
11,563
11,651
0.8
Personal finance
5,896
6,010
1.9
Commercial finance
27,270
26,299
-3.6
Lease finance
539
480
-11.0

Personal finance
Graph: Personal Finance

Commercial finance
Graph: Commercial Finance



JUNE KEY POINTS


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 2005. The trend series decreased by 0.1%.


PERSONAL FINANCE
  • The seasonally adjusted series for total personal finance commitments rose by 1.9% in June 2005. This increase was mainly due to an increase in revolving credit commitments (up 6.3%), more than offsetting a fall in fixed lending commitments (down 3.3%).
  • The total personal finance trend series fell by 0.5% in June 2005. The trend for fixed lending and revolving credit commitments decreased by 0.2% and 0.7%, respectively.


COMMERCIAL FINANCE
  • The seasonally adjusted series for total commercial finance decreased by 3.6% in June 2005. An decrease in the fixed lending series (down 7.8%) more than offset the increase in revolving credit (up 3.8%).
  • The purchase of dwellings by individuals for rent or resale (seasonally adjusted) series rose by 3.1% in June 2005, after three consecutive months of decreases.
  • The trend series for total commercial finance rose by 0.7% in June 2005. Revolving credit rose by 2.0%, while fixed lending remained virtually unchanged.


LEASE FINANCE
  • Lease finance (seasonally adjusted) decreased by 11.0% in June 2005, following a fall of 3.5% in May 2005.
  • The lease finance trend fell by 1.2% in June 2005, the third consecutive monthly decrease and the sixth decrease in the past seven months.


NOTES

CHANGES IN THIS ISSUE

There are no changes in 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 OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of commitments excluding alterations and additions increased by 0.8% (seasonally adjusted) in June 2005. The trend series decreased by 0.1%, the first monthly decrease following fourteen consecutive monthly increases.


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



PERSONAL FINANCE

In seasonally adjusted terms, total personal finance rose by 1.9% in June 2005. This increase was mainly due to the increase in revolving credit commitments (up 6.3%) more than offsetting the fall in fixed lending commitments (down 3.3%).


The total personal finance commitments trend series fell by 0.5% in June 2005, the nineteenth decrease in the past twenty months. The trend for fixed lending decreased by 0.2% in June, while revolving credit commitments fell 0.7%.


In original terms, fixed lending commitments decreased by $27m (down 0.9%) in June 2005. Movements in the original series contributing to this decrease were:

  • Refinancing, down $40m (-7.4%), compared with an average May to June increase of 9.8% over the previous three years,
  • Individual residential blocks of land, down $7m (-1.9%), compared with an average May to June decrease of 3.3% over the previous three years.


COMMERCIAL FINANCE

Total commercial finance (seasonally adjusted) decreased by 3.6% in June 2005, after a strong increase of 17.1% in May. This decrease was driven by the fall in the fixed lending series (down 7.8%), which more than offset the increase in revolving credit (up 3.8%).


The trend series for total commercial finance rose by 0.7% in June 2005, the fourth consecutive monthly increase. Revolving credit rose by 2.0%, while fixed lending remained virtually unchanged.


The purchase of dwellings by individuals for rent or resale (seasonally adjusted) series rose by 3.1% in June 2005, after three consecutive months of decreases. The trend series fell by 1.5% in June 2005, the fifth consecutive monthly decrease.

Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE



LEASE FINANCE

Lease finance (seasonally adjusted) fell by 11.0% in June 2005, continuing on from the fall of 3.5% in May 2005. The lease finance trend fell by 1.2% in June 2005, the third consecutive monthly decrease and the sixth decrease in the past seven months.



ADDITIONAL TABLES ON AUSSTATS


TABLES AVAILABLE ON AUSSTATS

Additional tables are available from the AusStats service on <http://www.abs.gov.au> by selecting Time Series Spreadsheets and then Finance.


Tables available are:

  • longer time series of tables in this publication
  • 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 2006

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