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JULY KEY FIGURES

		Jun 2004	Jul 2004	Jun 2004 to Jul 2004
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation	9,952	10,050	1.0
	Personal finance	6,476	6,407	-1.1
	Commercial finance	22,784	22,725	-0.3
	Lease finance	466	454	-2.5
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation	9,836	10,162	3.3
	Personal finance	6,441	6,152	-4.5
	Commercial finance	21,021	23,040	9.6
	Lease finance	437	448	2.5

Personal finance

Commercial finance

JULY KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

• The total value of owner-occupied housing commitments increased by 3.3% (seasonally adjusted) in July 2004. The trend series increased by 1.0%.

• The seasonally adjusted series for total personal finance commitments fell by 4.5% in July 2004. Fixed lending increased by 4.0% and revolving credit commitments decreased by 10.9%.
• The total personal finance trend series decreased by 1.1% in July 2004.

• The total commercial finance series (seasonally adjusted) rose by 9.6% in July 2004, with increases in fixed lending (up 8.9%) and revolving credit (up 11.0%).
• The purchase of dwellings by individuals for rent and resale (seasonally adjusted) series increased by 1.8% in July 2004, after three successive monthly falls.
• The trend series for total commercial finance decreased by 0.3% in July 2004, the eighth consecutive monthly decrease. Fixed lending trend series rose by 0.2% and revolving credit trend series fell by 1.1%.

• Lease finance (seasonally adjusted) increased by 2.5% in July 2004.
• The lease finance trend fell by 2.5% in July 2004, the ninth successive monthly fall.

In the May 2004 issue, estimated revisions were made for August 2003 to February 2004 for the value of owner occupied housing commitments by purpose of loan. Estimates have been replaced by final values in this issue.

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) increased by 3.3% in July 2004. The trend series increased by 1.0%.

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

PERSONAL FINANCE

In seasonally adjusted terms, total personal finance fell by 4.5% to $6,152 million in July 2004, the second successive monthly decrease. Revolving credit commitments decreased by 10.9% to their lowest level since November 2002. In original terms, revolving credit commitments decreased by 15.2% following a decrease in unsecured revolving credit (down 24.2%) in July.

In original terms, fixed lending commitments decreased by 2.8%, to $3,003 million in July 2004, with decreases in motor vehicles finance (down 1.8%), refinancing of personal finance (down 1.8%), individual residential blocks of land (down 4.1%) and other personal finance including alterations and additions (down 4.3%). New and used cars finance decreased by 1.6% and 0.8%, respectively.

COMMERCIAL FINANCE

Total commercial finance series (seasonally adjusted) increased by 9.6% to $23,040 million in July 2004. Revolving credit commitments increased by 11.0% and fixed lending commitments increased by 8.9%.

In original terms, fixed lending commitments decreased by 5.5%. Construction finance (down 23.7%) and purchase of real property (down 7.8%) were the main contributors to the decrease in commercial fixed lending. In contrast, wholesale finance increased by 37.6%. Revolving credit commitments (original) increased by 2.6%.

The seasonally adjusted purchase of dwellings for rent or resale by individuals series increased to $4,296 million (up 1.8%) in July 2004. The trend series fell by 1.9% in July 2004, the ninth consecutive monthly decline, but at a decelerating rate.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE

		Jun 2004	Jul 2004	Jun 2004 to Jul 2004
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation	9,952	10,050	1.0
	Personal finance	6,476	6,407	-1.1
	Commercial finance	22,784	22,725	-0.3
	Lease finance	466	454	-2.5
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation	9,836	10,162	3.3
	Personal finance	6,441	6,152	-4.5
	Commercial finance	21,021	23,040	9.6
	Lease finance	437	448	2.5

Personal finance

Commercial finance

JULY KEY POINTS


HOUSING FINANCE FOR OWNER OCCUPATION

• The total value of owner-occupied housing commitments increased by 3.3% (seasonally adjusted) in July 2004. The trend series increased by 1.0%.

• The seasonally adjusted series for total personal finance commitments fell by 4.5% in July 2004. Fixed lending increased by 4.0% and revolving credit commitments decreased by 10.9%.
• The total personal finance trend series decreased by 1.1% in July 2004.

• The total commercial finance series (seasonally adjusted) rose by 9.6% in July 2004, with increases in fixed lending (up 8.9%) and revolving credit (up 11.0%).
• The purchase of dwellings by individuals for rent and resale (seasonally adjusted) series increased by 1.8% in July 2004, after three successive monthly falls.
• The trend series for total commercial finance decreased by 0.3% in July 2004, the eighth consecutive monthly decrease. Fixed lending trend series rose by 0.2% and revolving credit trend series fell by 1.1%.

• Lease finance (seasonally adjusted) increased by 2.5% in July 2004.
• The lease finance trend fell by 2.5% in July 2004, the ninth successive monthly fall.

In the May 2004 issue, estimated revisions were made for August 2003 to February 2004 for the value of owner occupied housing commitments by purpose of loan. Estimates have been replaced by final values in this issue.

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) increased by 3.3% in July 2004. The trend series increased by 1.0%.

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

PERSONAL FINANCE

In seasonally adjusted terms, total personal finance fell by 4.5% to $6,152 million in July 2004, the second successive monthly decrease. Revolving credit commitments decreased by 10.9% to their lowest level since November 2002. In original terms, revolving credit commitments decreased by 15.2% following a decrease in unsecured revolving credit (down 24.2%) in July.

In original terms, fixed lending commitments decreased by 2.8%, to $3,003 million in July 2004, with decreases in motor vehicles finance (down 1.8%), refinancing of personal finance (down 1.8%), individual residential blocks of land (down 4.1%) and other personal finance including alterations and additions (down 4.3%). New and used cars finance decreased by 1.6% and 0.8%, respectively.

COMMERCIAL FINANCE

Total commercial finance series (seasonally adjusted) increased by 9.6% to $23,040 million in July 2004. Revolving credit commitments increased by 11.0% and fixed lending commitments increased by 8.9%.

In original terms, fixed lending commitments decreased by 5.5%. Construction finance (down 23.7%) and purchase of real property (down 7.8%) were the main contributors to the decrease in commercial fixed lending. In contrast, wholesale finance increased by 37.6%. Revolving credit commitments (original) increased by 2.6%.

The seasonally adjusted purchase of dwellings for rent or resale by individuals series increased to $4,296 million (up 1.8%) in July 2004. The trend series fell by 1.9% in July 2004, the ninth consecutive monthly decline, but at a decelerating rate.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE