QTPA Member Alert | ABS LENDING FINANCE AUSTRALIA, April 2012 (12/6/2012)

ABS LENDING FINANCE AUSTRALIA, April 2012

APRIL KEY FIGURES

		Mar 2012		Apr 2012	Mar 2012 to Apr 2012
		$m		$m	% change

TREND ESTIMATES
	Housing finance for owner occupation(a)	13 603		13 540	-0.5
	Personal finance	7 257		7 242	-0.2
	Commercial finance	32 138		32 355	0.7
	Lease finance	513		528	2.9
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation(a)	13 445		13 573	0.9
	Personal finance	7 252		7 299	0.6
	Commercial finance	32 191		35 339	9.8
	Lease finance	512		547	6.8

(a) Excludes alterations and additions
Personal Finance			Commercial Finance

APRIL KEY POINTS

APRIL 2012 COMPARED WITH MARCH 2012:

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions fell 0.5% in trend terms and the seasonally adjusted series rose 0.9%.

PERSONAL FINANCE

The trend series for the value of total personal finance commitments fell 0.2%. Revolving credit commitments fell 1.2%, while fixed lending commitments rose 0.6%.
The seasonally adjusted series for the value of total personal finance commitments rose 0.6%. Revolving credit commitments rose 0.9% and fixed lending commitments rose 0.5%.

COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments rose 0.7%. Fixed lending commitments rose 1.3%, while revolving credit commitments fell 1.1%.
The seasonally adjusted series for the value of total commercial finance commitments rose 9.8% in April 2012, following a rise of 10.1% in March 2012. Revolving credit commitments rose 25.1%, following a rise of 23.4% in the previous month. Fixed lending commitments rose 4.3%, following a rise of 5.9% in the previous month.

LEASE FINANCE

The trend series for the value of total lease finance commitments rose 2.9% and the seasonally adjusted series rose 6.8%.