SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 0.9% in trend terms, while the seasonally adjusted series was flat (0.0%).
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 9 August 2011.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 0.6% in June 2011 compared with May 2011. Fixed lending commitments rose 1.5%, while revolving credit commitments fell 0.5%.
In seasonally adjusted terms, the value of total personal finance commitments fell 0.8% in June 2011. Revolving credit commitments fell 4.3%, while fixed lending commitments rose 2.2%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments fell 0.3% in June 2011 compared with May 2011. Fixed lending commitments fell 0.6%, while revolving credit commitments rose 0.2%.
The seasonally adjusted series for the value of total commercial finance commitments fell 6.5% in June 2011, after a rise of 8.8% in May 2011. Revolving credit commitments fell 8.4% and fixed lending commitments fell 5.6%, after a 9.0% rise in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 0.3% in June 2011, the 14th consecutive fall in the series. The seasonally adjusted series fell 4.8% in June 2011.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) fell 1.7% in June 2011. The seasonally adjusted series fell 7.2%, following a fall of 5.6% in May 2011.
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