5671.0 - Lending Finance, Australia, May 2016 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/07/2016   
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MAY KEY FIGURES

Apr 2016
May 2016
Apr 2016 to May 2016
$m
$m
% change
TREND ESTIMATES
Housing finance for owner occupation(a)
20 615
20 500
-0.6
Personal finance
7 262
7 327
0.9
Commercial finance
40 584
40 102
-1.2
Lease finance
538
517
-3.9
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation(a)
20 648
20 526
-0.6
Personal finance
7 529
7 182
-4.6
Commercial finance
40 635
38 986
-4.1
Lease finance
548
470
-14.2
(a) Excludes alterations and additions

Personal Finance
Graph: Graph shows personal finance seasonally adjusted and trend data

Commercial Finance
Graph: Commercial Finance




MAY KEY POINTS


MAY 2016 COMPARED WITH APRIL 2016:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions fell 0.6% in trend terms, and the seasonally adjusted series fell 0.6%.


PERSONAL FINANCE
  • The trend series for the value of total personal finance commitments rose 0.9%. Revolving credit commitments rose 1.8% and fixed lending commitments rose 0.3%.
  • The seasonally adjusted series for the value of total personal finance commitments fell 4.6%. Revolving credit commitments fell 7.8% and fixed lending commitments fell 2.3%.


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments fell 1.2%. Revolving credit commitments and Fixed lending commitments both fell 1.2%.
  • The seasonally adjusted series for the value of total commercial finance commitments fell 4.1%. Fixed lending commitments fell 4.4% and revolving credit commitments fell 3.2%.


LEASE FINANCE
  • The trend series for the value of total lease finance commitments fell 3.9% in May 2016 and the seasonally adjusted series fell 14.2%, following a fall of 0.6% in April 2016.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2016 12 August 2016
July 2016 12 September 2016
August 2016 14 October 2016
September 2016 14 November 2016
October 2016 12 December 2016
November 2016 23 January 2017



SPECIAL NOTE

The April 2016 values of Personal Finance Commitments Stocks and Flows have been revised downwards to correct a reporting issue..


REVISIONS

In this issue, revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions have affected the following series:
  • Commercial Finance for period January 2016 to April 2016.
  • Personal Finance for period March 2016 to April 2016.
  • Owner occupied housing for period January 2016 to April 2016.
  • Investment housing for period January 2016 to April 2016.
  • Lease Finance for the period March 2016.


CHANGES IN THIS ISSUE

This month a building society converted to a bank and has been excluded from all aggregate commitments. The effect of this is insignificant on the aggregates of the publication. Revisions will be included in the next issue of this publication.


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INQUIRIES

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