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MAY KEY FIGURES

		Apr 2006	May 2006	Apr 2006 to May 2006
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation	13 443	13 622	1.3
	Personal finance	6 913	7 056	2.1
	Commercial finance	31 868	31 435	-1.4
	Lease finance	587	575	-2.0
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation	13 389	13 973	4.4
	Personal finance	6 829	7 166	4.9
	Commercial finance	26 969	33 048	22.5
	Lease finance	540	602	11.5

Personal finance

Commercial finance

MAY KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

May 2006 COMPARED WITH April 2006:

• The total value of owner-occupied housing commitments excluding alterations and additions increased by 4.4% (seasonally adjusted), while the trend series rose 1.3%.

• The seasonally adjusted series for the value of total personal finance commitments rose by 4.9%. This increase was due to increases in fixed lending commitments (up 8.7%) and revolving credit commitments (up 2.3%).
• The trend series for the value of total personal finance commitments rose by 2.1% due to increases in both revolving credit commitments (up 2.9%) and fixed lending (up 0.9%).

• The seasonally adjusted series for the value of total commercial finance commitments rose by 22.5%. This increase was due to increases in both revolving credit commitments (up 32.4%) and fixed lending commitments (up 18.6%).
• The trend series for the value of total commercial finance commitments fell by 1.4%. Revolving credit decreased by 2.9%, while fixed lending commitments fell by 0.7%.

• Lease finance commitments (seasonally adjusted) increased by 11.5%. The lease finance trend series fell by 2.0%.

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 May 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 rose by 4.9% in May 2006 compared with April 2006. This rise was due to a increases in fixed lending commitments (up 8.7%) and revolving credit commitments (up 2.3%).

In trend terms, the value of total personal finance commitments rose by 2.1% in May 2006. The trend series for revolving credit commitments rose 2.9%, while fixed lending commitments increased by 0.9%.

In original terms, fixed lending commitments increased by $952m (up 40.4%) in May 2006 compared with April 2006. Refinancing increased $291m (56.3%) and debt consolidation increased $116m (up 46.0%), while new lending commitments increased $545m (34.4%) with:

• Total motor vehicles, up $195m (30.7%),
• Individual residential blocks of land, up $102m (30.0%),
• Unsecured finance for owner occupation, up $13m (41.8%) and,
• Other, up $235m (40.6%).

The trend series for commercial finance commitments decreased 1.4% in May 2006. A decrease was recorded for revolving credit commitments (down 2.9%), while fixed lending commitments fell 0.7%.

The value of purchases of dwellings by individuals for rent or resale (seasonally adjusted) rose by 7.0% in May 2006, after an increase of 0.8% in April 2006. The trend series rose by 1.4%.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE