Lending Finance, Australia

Australian Bureau of Statistics June Key Figures released today.

June 2009 compared with May 2009:

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions increased 1.8% in trend terms and the seasonally adjusted series rose 1.0%.

PERSONAL FINANCE

• The trend series for the value of total personal finance commitments decreased 0.4%. Revolving credit commitments fell 2.5%, while fixed lending commitments rose 1.7%.
• The seasonally adjusted series for the value of total personal finance commitments increased 2.6%. Fixed lending commitments rose 5.8%, while revolving credit commitments fell 0.6%.

COMMERCIAL FINANCE

• The trend series for the value of total commercial finance commitments decreased 1.5%. Revolving credit commitments fell 5.2%, while fixed lending commitments rose 0.3%.
• The seasonally adjusted series for the value of total commercial finance commitments decreased 7.6%. Both revolving credit and fixed lending commitments fell, down 17.3% and 2.5% respectively.

LEASE FINANCE

• Lease finance commitments decreased 5.7% in trend terms and the seasonally adjusted series decreased 17.2%.

Source: 5671.0 – Lending Finance, Australia, Jun 2009