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Lending Finance, Australia, May 2018

ByAustralian Bureau of Statistics
Published 13/07/2018, 12:26 pm

Invest Housing Finance MAY KEY FIGURES

Table

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MAY KEY POINTS

MAY 2018 COMPARED WITH APRIL 2018:

HOUSING FINANCE FOR OWNER OCCUPATION

  • The total value of owner occupied housing commitments excluding alterations and additions fell 0.2% in trend terms, while the seasonally adjusted series rose 0.7%.

PERSONAL FINANCE

  • The trend series for the value of total personal finance commitments fell 0.5%. Fixed lending commitments fell 0.8%, while revolving credit commitments was flat.
  • The seasonally adjusted series for the value of total personal finance commitments fell 4.5%. Revolving credit commitments fell 12.0%, while fixed lending commitments rose 0.6%.

COMMERCIAL FINANCE

  • The trend series for the value of total commercial finance commitments fell 2.1%. Fixed lending commitments fell 2.6% and revolving credit commitments fell 0.4%.
  • The seasonally adjusted series for the value of total commercial finance commitments fell 2.2%. Fixed lending commitments fell 6.3%, while revolving credit commitments rose 12.6%.

LEASE FINANCE

  • The trend series for the value of total lease finance commitments rose 1.8% in May 2018 and the seasonally adjusted series rose 12.8%, following a rise of 2.9% in April 2018.

SUMMARY OF FINDINGS

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions fell 0.2% in trend terms while the seasonally adjusted series rose 0.7%.

Further detail can be found in the PDF below.


PERSONAL FINANCE

The trend series for the value of total personal finance commitments fell 0.5% in May 2018 compared with April 2018. Fixed lending commitments fell 0.8%, while revolving credit commitments was flat.

The seasonally adjusted series for the value of total personal finance commitments fell 4.5%. Revolving credit commitments fell 12.0%, while fixed lending commitments rose 0.6%.

Further detail can be found in Tables 1 and 4 on the downloads tab of this release and in the PDF.


COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments fell 2.1% in May 2018 compared with April 2018. Fixed lending commitments fell 2.6% and revolving credit commitments fell 0.4%.

The seasonally adjusted series for the value of total commercial finance commitments fell 2.2% in May 2018, following a fall of 0.9% in April 2018. Fixed lending commitments fell 6.3%, after a rise of 0.5% in the previous month. Revolving credit commitments rose 12.6%, after a fall of 5.6% in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) fell 1.5% in May 2018 while the seasonally adjusted series rose 0.2%.

Further detail can be found in Tables 1 and 8 on the downloads tab of this release and in the PDF.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
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LEASE FINANCE

The trend series for the value of total lease finance commitments rose 1.8% in May 2018 and the seasonally adjusted series rose 12.8%, following a rise of 2.9% in April 2018.

Further detail can be found in Table 1 on the downloads tab of this release and in the PDF.

Please click below to read the full report:

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