Report

Lending finance, Australia, Jun 2013

12 Aug 2013
Description

This report contains data on the value of monthly commitments for secured housing finance, other personal finance, commercial and lease finance.

Includes summary tables of personal and commercial finance commitments under fixed and revolving credit facilities, the value of goods under finance lease commitments, and the value of personal, commercial and lease finance commitments by purpose. Also included are thematic tables on the financing of housing, motor vehicles and plant and equipment.

Summary of findings

Housing finance for owner occupation

The total value of owner occupied housing commitments excluding alterations and additions rose 1.5% in trend terms and the seasonally adjusted series rose 2.1%.

For further information, please refer to Housing Finance, Australia (cat.no. 5609.0), which was released on 7 August 2013.

Personal finance

In trend terms, the value of total personal finance commitments was flat in June 2013 compared with May 2013. Fixed lending commitments rose 0.3%, while revolving credit commitments fell 0.4%.

In seasonally adjusted terms, the value of total personal finance commitments fell 2.7%. Revolving credit commitments fell 3.2% and fixed lending commitments fell 2.5%.

Commercial finance

The trend series for the value of total commercial finance commitments rose 2.7% in June 2013 compared with May 2013. Revolving credit commitments rose 5.4% and fixed lending commitments rose 1.7%.

The seasonally adjusted series for the value of total commercial finance commitments rose 11.5% in June 2013, following a rise of 3.4% in May 2013 and a rise of 2.5% in April 2013. Revolving credit commitments rose 48.8%, after a fall of 9.1% in the previous month. Fixed lending commitments rose 0.5%, following a rise of 7.8% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 1.2% in June 2013 and the seasonally adjusted series rose 0.7%.

Less finance

The value of total lease finance commitments (trend) rose 0.5% in June 2013. The seasonally adjusted series rose 8.2%, after a fall of 4.4% in May 2013.

Publication Details
Published year only: 
2013
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