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JUNE KEY FIGURES

		May 2004	Jun 2004	May 2004 to Jun 2004
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation	9,725	9,750	0.3
	Personal finance	6,593	6,585	-0.1
	Commercial finance	22,956	22,487	-2.0
	Lease finance	477	469	-1.7
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation	9,870	9,630	-2.4
	Personal finance	6,726	6,417	-4.6
	Commercial finance	22,966	20,937	-8.8
	Lease finance	480	430	-10.4

Personal finance

Commercial finance

JUNE KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

• The total value of owner-occupied housing commitments decreased by 2.4% (seasonally adjusted) in June 2004. The trend series increased by 0.3%.

• The seasonally adjusted series for total personal finance commitments fell by 4.6% in June 2004. Fixed lending decreased by 1.8% and revolving credit commitments decreased by 6.6%.
• The total personal finance trend series decreased by 0.1% in June 2004.

• The total commercial finance series (seasonally adjusted) declined by 8.8% in June 2004, due to a fall in fixed lending (down 13.4%) which was partially offset by an increase in revolving credit (up 1.9%).
• The purchase of dwellings by individuals for rent and resale (seasonally adjusted) series decreased by 10.3% in June 2004, the third consecutive monthly fall.
• The trend series for total commercial finance decreased by 2.0% in June 2004, the seventh consecutive monthly decrease. Fixed lending and revolving credit trend series fell by 2.0% and 2.1%, respectively.

• Lease finance (seasonally adjusted) decreased by 10.4% in June 2004.
• The lease finance trend fell by 1.7% in June 2004, the eighth successive monthly fall.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Vincent Nguyen on Canberra (02) 6252 6398.

LENDING FINANCE SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

The total value of commitments excluding alterations and additions (seasonally adjusted) decreased by 2.4% in June 2004. The trend series increased by 0.3%.

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

PERSONAL FINANCE

In seasonally adjusted terms, total personal finance fell by 4.6% to $6 417 million in June 2004, after three successive monthly increases. Revolving credit commitments decreased by 6.6% to their lowest level since July 2003. In original terms, revolving credit commitments increased by 7.6% due mainly to the increase in secured revolving credit (up 13.5%) in June.

In original terms, fixed lending commitments increased by 9.3%, to $3 090 million in June 2004. This was due mainly to increases in motor vehicles finance (up 11.6%), refinancing of personal finance (up 14.6%) and other personal finance including alterations and additions (up 11.2%). New and used cars finance increased by 15.9% and 8.8%, respectively.

COMMERCIAL FINANCE

Total commercial finance series (seasonally adjusted) decreased by 8.8% to $20 937 million in June 2004. Revolving credit commitments increased by 1.9%, while fixed lending commitments decreased by 13.4%.

In original terms, fixed lending commitments increased by 5.9%. Construction finance (up 52.7%) and purchase of real property (up 10.6%) were the main contributors to the increase in commercial fixed lending. In contrast, other fixed lending decreased by 12.9%. Revolving credit commitments (original) increased by 47.7%.

The seasonally adjusted purchase of dwellings for rent or resale by individuals series decreased to $4 182 million (down 10.3%) in June 2004. The trend series fell by 2.3% in June, the eighth consecutive monthly decline, but at a decelerating rate.

Purchase of Dwellings by Individuals for Rent or Resale