5671.0 - Lending Finance, Australia, May 2010  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/07/2010   
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MAY KEY FIGURES

Apr 2010
May 2010
Apr 2010 to May 2010
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation(a)
13 610
13 427
-1.4
Personal finance
6 824
6 785
-0.6
Commercial finance
30 072
30 526
1.5
Lease finance
377
379
0.5
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation(a)
13 733
13 698
-0.3
Personal finance
6 787
6 793
0.1
Commercial finance
30 999
30 664
-1.1
Lease finance
358
400
11.8

(a) Excludes alterations and additions

Personal finance
Graph: PERSONAL FINANCE

Commercial finance
Graph: COMMERCIAL FINANCE




MAY KEY POINTS


MAY 2010 COMPARED WITH APRIL 2010:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions decreased 1.4% in trend terms and the seasonally adjusted series decreased 0.3%.


PERSONAL FINANCE
  • The trend series for the value of total personal finance commitments decreased 0.6%. Revolving credit commitments fell 1.0% and fixed lending commitments fell 0.1%.
  • The seasonally adjusted series for the value of total personal finance commitments increased 0.1%. Revolving credit commitments rose 0.4%, while fixed lending commitments fell 0.2%.


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments increased 1.5%. Revolving credit commitments rose 3.6% and fixed lending commitments rose 0.7%.
  • The seasonally adjusted series for the value of total commercial finance commitments decreased 1.1%. Fixed lending commitments fell 5.8%, while revolving credit commitments rose 13.1%.


LEASE FINANCE
  • The trend series for the value of total lease finance commitments rose 0.5% and the seasonally adjusted series rose 11.8%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2010 11 August 2010
July 2010 13 September 2010
August 2010 13 October 2010
September 2010 15 November 2010
October 2010 13 December 2010
November 2010 17 January 2011



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:
  • Personal finance for March 2010 and April 2010; and
  • Investment housing for March 2010 and April 2010.

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.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Wolfgang Hertel on Canberra (02) 6252 7883.