In Business

Australian Bureau Of Statistics

The Australian Bureau Of Statistics has released Housing Finance statistics for May 2010.

MAY KEY POINTS

Victor P Taffa

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%.
  • 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
0

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