SUMMARY OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
(Table 1)
The total value of owner occupied housing commitments excluding alterations and additions rose 1.4% in trend terms and the seasonally adjusted series rose 2.3%.
For further information, please refer to Housing Finance, Australia (cat.no. 5609.0), which was released on 12 July 2013.
PERSONAL FINANCE
(Tables 1 & 4)
In trend terms, the value of total personal finance commitments rose 1.0% in May 2013 compared with April 2013. Fixed lending commitments rose 1.4% and revolving credit commitments rose 0.5%.
In seasonally adjusted terms, the value of total personal finance commitments fell 3.1%. Revolving credit commitments fell 6.2% and fixed lending commitments fell 0.9%.
COMMERCIAL FINANCE
(Tables 1 & 8)
The trend series for the value of total commercial finance commitments rose 1.2% in May 2013 compared with April 2013. Fixed lending commitments rose 2.1%, while revolving credit commitments fell 1.4%.
The seasonally adjusted series for the value of total commercial finance commitments rose 2.5% in May 2013, following a rise of 2.7% in April 2013 and a rise of 2.0% in March 2013. Fixed lending commitments rose 7.4%, following a rise of 0.9% in the previous month. Revolving credit commitments fell 11.5%, after a rise of 8.3% in the previous month.
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 1.5% in May 2013 and the seasonally adjusted series rose 0.8%.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
LEASE FINANCE
(Table 1)
The value of total lease finance commitments (trend) fell 0.5% in May 2013. The seasonally adjusted series fell 4.2%, following a fall of 2.2% in April 2013.
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