JULY KEY FIGURES
![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | Jun 2005 | Jul 2005 | Jun 2005 to Jul 2005 |
![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | $m | $m | % change |
|
TREND ESTIMATES | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) |
![](/icons/ecblank.gif) | Housing finance for owner occupation | 11 690 | 11 683 | -0.1 |
![](/icons/ecblank.gif) | Personal finance | 5 953 | 5 933 | -0.3 |
![](/icons/ecblank.gif) | Commercial finance | 26 012 | 26 221 | 0.8 |
![](/icons/ecblank.gif) | Lease finance | 518 | 511 | -1.3 |
SEASONALLY ADJUSTED ESTIMATES | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) |
![](/icons/ecblank.gif) | Housing finance for owner occupation | 11 664 | 11 704 | 0.3 |
![](/icons/ecblank.gif) | Personal finance | 5 972 | 5 957 | -0.2 |
![](/icons/ecblank.gif) | Commercial finance | 26 280 | 26 099 | -0.7 |
![](/icons/ecblank.gif) | Lease finance | 480 | 515 | 7.2 |
|
Personal finance
![Graph: Personal finance](/ausstats/abs@.nsf/0/1a823681b4d3ef5dca257097007b0fed/Body/0.1492!OpenElement&FieldElemFormat=gif)
| Commercial finance
![Graph: Commercial finance](/ausstats/abs@.nsf/0/1a823681b4d3ef5dca257097007b0fed/Body/0.20B2!OpenElement&FieldElemFormat=gif)
|
JULY KEY POINTS
HOUSING FINANCE FOR OWNER OCCUPATION
- The total value of owner-occupied housing commitments excluding alterations and additions increased by 0.3% (seasonally adjusted) in July 2005. The trend series decreased by 0.1%.
PERSONAL FINANCE
- The seasonally adjusted series for total personal finance commitments fell by 0.2% in July 2005. This reduction was mainly due to a decrease in fixed lending commitments (down 2.1%) more than offsetting an increase in revolving credit commitments (up 1.2%).
- The total personal finance trend series fell by 0.3% in July 2005. The trend for fixed lending decreased by 0.8%, while revolving credit remained virtually unchanged.
COMMERCIAL FINANCE
- The seasonally adjusted series for total commercial finance decreased by 0.7% in July 2005. A decrease in revolving credit (down 15.3%) more than offset the increase in the fixed lending series (up 8.4%).
- The purchase of dwellings by individuals for rent or resale (seasonally adjusted) series fell by 4.8% in July 2005, after an increase of 2.2% in June 2005.
- The trend series for total commercial finance rose by 0.8% in July 2005. Revolving credit rose by 0.4%, while fixed lending increased by 1.0%.
LEASE FINANCE
- Lease finance (seasonally adjusted) increased by 7.2% in July 2005, following a fall of 11.2% in June 2005.
- The lease finance trend fell by 1.3% in July 2005, the fourth consecutive monthly decrease and the seventh decrease in the past eight months.
NOTES
CHANGES IN THIS ISSUE
There are no changes in this issue.
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 OF FINDINGS
HOUSING FINANCE FOR OWNER OCCUPATION
The total value of commitments excluding alterations and additions increased by 0.3% (seasonally adjusted) in July 2005. The trend series decreased by 0.1%, the second consecutive monthly decrease following a run of increases starting in April 2004.
For further information, please refer to Housing Finance, Australia (cat. no. 5609.0).
PERSONAL FINANCE
In seasonally adjusted terms, total personal finance fell by 0.2% in July 2005. This reduction was due to the decrease in fixed lending commitments (down 2.1%) more than offsetting an increase in revolving credit commitments (up 1.2%).
The total personal finance commitments trend series fell by 0.3% in July 2005, continuing a run of decreases since November 2003 for all but one month (October 2004). Fixed lending decreased by 0.8%, while revolving credit remained virtually unchanged.
In original terms, fixed lending commitments decreased by $283m (down 10.2%) in July 2005. Movements in the original series contributing to this decrease were:
- Total motor vehicles, down $73m (-8.5%), compared with an average June to July increase of 3.8% over the previous three years,
- Refinancing, down $61m (-12.0%), compared with an average June to July increase of 2.8% over the previous three years.
COMMERCIAL FINANCE
Total commercial finance (seasonally adjusted) decreased by 0.7% in July 2005. This overall decrease was driven by a decrease in revolving credit (down 15.3%) more than offsetting an increase in fixed lending series (up 8.4%).
The trend series for total commercial finance rose by 0.8% in July 2005, the fifth consecutive monthly increase. Revolving credit rose by 0.4%, while fixed lending increased by 1.0%.
The purchase of dwellings by individuals for rent or resale (seasonally adjusted) series fell by 4.8% in July 2005, after an increase of 2.2% in June 2005. The trend series fell by 1.7% in July 2005, the fifth consecutive monthly decrease.
PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
![Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE](/ausstats/abs@.nsf/0/1a823681b4d3ef5dca257097007b0fed/Body/0.3FBE!OpenElement&FieldElemFormat=gif)
LEASE FINANCE
Lease finance (seasonally adjusted) increased by 7.2% in July 2005, following a fall of 11.2% in June 2005. The lease finance trend fell by 1.3% in July 2005, the fourth consecutive monthly decrease and the seventh decrease in the past eight months.
ADDITIONAL TABLES ON AUSSTATS
TABLES AVAILABLE ON AUSSTATS
Additional tables are available from the AusStats service on <https://www.abs.gov.au> by selecting Time Series Spreadsheets and then Finance.
Tables available are:
- longer time series of tables in this publication
- 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 July 2006