JUNE KEY FIGURES

		May 2011	Jun 2011	May 2011 to Jun 2011
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation(a)	13 752	13 882	0.9
	Personal finance	6 852	6 891	0.6
	Commercial finance	30 544	30 443	-0.3
	Lease finance	401	394	-1.7
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation(a)	14 131	14 127	0.0
	Personal finance	7 050	6 993	-0.8
	Commercial finance	31 984	29 897	-6.5
	Lease finance	403	374	-7.2
(a) Excludes alterations and additions

Personal finance

Commercial finance

JUNE KEY POINTS


JUNE 2011 COMPARED WITH MAY 2011:

HOUSING FINANCE FOR OWNER OCCUPATION

• The total value of owner occupied housing commitments excluding alterations and additions rose 0.9% in trend terms, while the seasonally adjusted series was flat (0.0%).

PERSONAL FINANCE

• The trend series for the value of total personal finance commitments rose 0.6%. Fixed lending commitments rose 1.5%, while revolving credit commitments fell 0.5%.
• The seasonally adjusted series for the value of total personal finance commitments fell 0.8%. Revolving credit commitments fell 4.3%, while fixed lending commitments rose 2.2%.

COMMERCIAL FINANCE

• The trend series for the value of total commercial finance commitments fell 0.3%. Fixed lending commitments fell 0.6%, while revolving credit commitments rose 0.2%.
• The seasonally adjusted series for the value of total commercial finance commitments fell 6.5%, after a 8.8% rise in the previous month. Revolving credit commitments fell 8.4% and fixed lending commitments fell 5.6%.

LEASE FINANCE

• The trend series for the value of total lease finance commitments fell 1.7% and the seasonally adjusted series fell 7.2%.

NOTES

FORTHCOMING ISSUES

ISSUE	Release Date
July 2011	12 September 2011
August 2011	17 October 2011
September 2011	14 November 2011
October 2011	13 December 2011
November 2011	17 January 2012
December 2011	15 February 2012

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 impact on:

• Commercial finance values for May 2011; and
• Owner occupied housing finance values for May 2011.

Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.


IMPACT OF THE FLOODS

Flooding began in late December 2010 in Queensland, and was more extensive in both Queensland and other states in January 2011. On a month to month basis, original and seasonally adjusted series can be impacted by a number of factors including interest rates, supply constraints, consumer confidence and unusual influences. The specific impact of floods on these estimates can not be quantified.

The trend series provide an estimate of the underlying behavior of a series over time but, in the short term, may be distorted by unusual influences impacting on the original and seasonally adjusted estimates. Trend series will be subject to revision in future issues as additional monthly original estimates become available. Users are advised to exercise caution when using the most recent trend estimates. For further information please refer to page 3 of the August 2009 issue of Australian Economic Indicators (cat. no. 1350.0).


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Steve Sykes on Canberra (02) 6252 6446.