SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions fell 0.3% in trend terms, while the seasonally adjusted series rose 0.2%.
For further information, please refer to Housing Finance, Australia (cat.no. 5609.0) which was released on 11 July 2012.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.7% in May 2012 compared with April 2012. Fixed lending commitments rose 1.0% and revolving credit commitments rose 0.3%.
In seasonally adjusted terms, the value of total personal finance commitments rose 0.4%. Fixed lending commitments rose 2.0%, while revolving credit commitments fell 1.5%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 1.1% in May 2012 compared with April 2012. Revolving credit commitments rose 2.6% and fixed lending commitments rose 0.5%.
The seasonally adjusted series for the value of total commercial finance commitments fell 12.0% in May 2012, after a rise of 10.3% in April 2012. Revolving credit commitments fell 19.4%, after a rise of 26.6% in the previous month. Fixed lending commitments fell 8.7%, after a rise of 4.4% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 0.3% in May 2012, while the seasonally adjusted series was flat (0.0%) in May 2012.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments(trend) rose 2.8% in May 2012. The seasonally adjusted series rose 3.2%, following a rise of 7.2% in April 2012.
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