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JUNE KEY FIGURES

		May 2006	Jun 2006	May 2006 to Jun 2006
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation	13 717	13 919	1.5
	Personal finance	6 950	7 016	0.9
	Commercial finance	31 906	32 019	0.4
	Lease finance	565	552	-2.4
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation	13 939	14 056	0.8
	Personal finance	7 084	6 891	-2.7
	Commercial finance	33 010	33 283	0.8
	Lease finance	596	558	-6.2

Personal finance

Commercial finance

JUNE KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

June 2006 COMPARED WITH May 2006:

• The total value of owner-occupied housing commitments excluding alterations and additions increased by 0.8% (seasonally adjusted), while the trend series rose 1.5%.

• The seasonally adjusted series for the value of total personal finance commitments fell by 2.7%. This decrease was due to a fall in revolving credit commitments (down 8.3%) more than offsetting a rise in fixed lending commitments (up 4.7%).
• The trend series for the value of total personal finance commitments rose by 0.9% due to increases in both fixed lending (up 2.0%) and revolving credit commitments (up 0.2%).

• The seasonally adjusted series for the value of total commercial finance commitments rose by 0.8%. This increase was due to a rise in revolving credit commitments (up 9.4%) more than offsetting a fall in fixed lending commitments (down 3.0%).
• The trend series for the value of total commercial finance commitments rose by 0.4%. Fixed lending commitments rose by 0.8%, while revolving credit decreased by 0.5%

• Lease finance commitments (seasonally adjusted) decreased by 6.2%. The lease finance trend series fell by 2.4%.

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 June 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 2.7% in June 2006 compared with May 2006. This fall was due to a decrease in revolving credit commitments (down 8.3%) more than offsetting fixed lending commitments (up 4.7%).

In trend terms, the value of total personal finance commitments rose by 0.9% in June 2006. The trend series for fixed lending commitments increased by 2.0%, while revolving credit commitments rose 0.2%.

In original terms, fixed lending commitments increased by $134m (up 4.1%) in June 2006 compared with May 2006.

Movements in the original series contributing to this increase were:

• Refinancing, up $153m (19.0%), compared with an average May to June increase of 3.2% over the previous three years.

The trend series for commercial finance commitments increased 0.4% in June 2006. An increase was recorded for fixed lending commitments (up 0.8%), while revolving credit commitments fell (down 0.5%).

The value of commitments for purchases of dwellings by individuals for rent or resale (seasonally adjusted) rose by 7.3% in June 2006, after an increase of 9.1% in May 2006. The trend series rose by 2.9%.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE