5671.0 - Lending Finance, Australia, Jun 2009

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 11/08/2009

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Main Features Summary of findings About this Release	SUMMARY OF FINDINGS HOUSING FINANCE FOR OWNER OCCUPATION The trend series for the total value of owner occupied housing commitments excluding alterations and additions increased 1.8% and the seasonally adjusted series rose 1.0%. For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 10 August 2009. PERSONAL FINANCE In trend terms, the value of total personal finance commitments decreased 0.4% in June 2009 compared with May 2009. Revolving credit commitments fell 2.5%, while fixed lending commitments rose 1.7%. In seasonally adjusted terms, the value of total personal finance commitments increased 2.6% in June 2009. Fixed lending commitments increased 5.8%, while revolving credit commitments decreased 0.6%. In original terms, fixed lending commitments increased 18.7% (up $644m ) in June 2009 compared with May 2009. Movements in the original series contributing to this increase were: Refinancing, up $404m (36.3%) Other, up $132m (18.9%) Total motor vehicles, up $55m (8.0%) COMMERCIAL FINANCE The trend series for the value of total commercial finance commitments decreased 1.5% in June 2009 compared with May 2009. Revolving credit commitments fell 5.2%, while fixed lending commitments rose 0.3%. The seasonally adjusted series for the value of total commercial finance commitments fell 7.6% in June 2009 compared with May 2009. Both revolving credit and fixed lending commitments fell, down 17.3% and 2.5% respectively. The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 1.0% in June 2009, following a revised increase of 1.9% in May 2009. The seasonally adjusted series fell 0.5% in June 2009. PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE LEASE FINANCE The value of lease finance commitments (trend) decreased 5.7% in June 2009. The seasonally adjusted series decreased 17.2%. Document Selection These documents will be presented in a new window.