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JULY KEY FIGURES

		Jun 2006	Jul 2006	Jun 2006 to Jul 2006
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation	13 970	14 165	1.4
	Personal finance	6 891	6 892	-
	Commercial finance	31 471	31 394	-0.2
	Lease finance	541	523	-3.3
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation	14 032	14 210	1.3
	Personal finance	6 935	6 679	-3.7
	Commercial finance	32 330	31 228	-3.4
	Lease finance	553	519	-6.1
- nil or rounded to zero (including null cells)

Personal finance

Commercial finance

JULY KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

July 2006 COMPARED WITH June 2006:

• The total value of owner-occupied housing commitments excluding alterations and additions increased by 1.3% (seasonally adjusted), while the trend series rose 1.4%.

• The seasonally adjusted series for the value of total personal finance commitments fell by 3.7%. This decrease was due to decreases in revolving credit commitments (down 3.4%) and fixed lending commitments (down 4.1%).
• The trend series for the value of total personal finance remained virtually unchanged with an increase in fixed lending (up 1.5%), offset by a fall in revolving credit (down 1.2%).

• The seasonally adjusted series for the value of total commercial finance commitments fell by 3.4% on the downwardly revised June estimate. This decrease was due to falls in both fixed lending commitments (down 5.0%) and revolving credit commitments (down 0.1%).
• The trend series for the value of total commercial finance commitments fell by 0.2%.

• Lease finance commitments (seasonally adjusted) decreased by 6.1%. The lease finance trend series fell by 3.3%.

CHANGES IN FORTHCOMING ISSUE

Changes in the format of the Time Series Spreadsheets associated with this publication will be implemented in the August edition, scheduled for release on 13 October 2006. For information on these changes refer to the Information paper: Changes to Time Series Spreadsheets associated with the publication Lending Finance, Australia (Cat No. 5671.0.55.001) released on the ABS web site on 11 September 2006.

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 COMMENTARY


TIME SERIES DATA


TIME SERIES DATA

Data available free on the ABS web site <https://www.abs.gov.au> include:

• longer time series of tables in this publication, and
• 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 July 2007.

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

PERSONAL FINANCE

In seasonally adjusted terms, the value of total personal finance commitments fell by 3.7% in July 2006 compared with June 2006. This fall was due to decreases in revolving credit commitments (down 3.4%) and fixed lending commitments (down 4.1%).

In trend terms, the value of total personal finance remained virtually unchanged in July 2006. The trend series for fixed lending commitments increased by 1.5%, while revolving credit commitments fell 1.2%.

In original terms, fixed lending commitments decreased by $550m (down 16%) in July 2006 compared with June 2006.

Movements in the original series contributing to this increase were:

• Refinancing, down $262m (-27.3%), compared with an average June to July decrease of 2.3% over the previous three years; and
• "Other", down $98m (-12.1%), compared with an average June to July decrease of 4.4%.

The trend series for commercial finance commitments decreased 0.2% in July 2006. A decrease was recorded for fixed lending commitments (down 0.8%), while revolving credit commitments rose (up 1.0%).

The value of purchases of dwellings by individuals for rent or resale (seasonally adjusted) fell by 10.5% in July 2006, after an increase of 9.1% in June 2006. The trend series rose by 1.7% in July 2006.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE