QTPA Member Alert | ABS Lending Finance, Australia, Aug 2012 (17/10/2012)

ABS Lending Finance, Australia, Aug 2012

AUGUST KEY FIGURES

		Jul 2012	Aug 2012	Jul 2012 to Aug 2012
		$m	$m	% change

TREND ESTIMATES
	Housing finance for owner occupation(a)	13 535	13 614	0.6
	Personal finance	7 384	7 389	0.1
	Commercial finance	29 816	29 171	-2.2
	Lease finance	552	550	-0.4
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation(a)	13 477	13 647	1.3
	Personal finance	7 469	7 220	-3.3
	Commercial finance	29 098	27 591	-5.2
	Lease finance	556	528	-5.1

(a) Excludes alterations and additions

AUGUST 2012 COMPARED WITH JULY 2012:

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions rose 0.6% in trend terms and the seasonally adjusted series rose 1.3%.

PERSONAL FINANCE

The trend series for the value of total personal finance commitments rose 0.1%. Fixed lending commitments rose 0.6%, while revolving credit commitments fell 0.7%.
The seasonally adjusted series for the value of total personal finance commitments fell 3.3%. Revolving credit commitments fell 6.9% and fixed lending commitments fell 0.6%.

COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments fell 2.2%. Revolving credit commitments fell 2.3% and fixed lending commitments fell 2.1%.
The seasonally adjusted series for the value of total commercial finance commitments fell 5.2% in August 2012, following a fall of 6.7% in July 2012. Revolving credit commitments fell 7.1%, following a fall of 5.9% in the previous month. Fixed lending commitments fell 4.5%, following a fall of 7.0% in the previous month.

LEASE FINANCE

The trend series for the value of total lease finance commitments fell 0.4% and the seasonally adjusted series fell 5.1%.