QTPA Member Alert | ABS Lending Finance, Australia, Jul 2012 Released at 11:30 AM (CANBERRA TIME) 11/09/2012

ABS Lending Finance, Australia, Jul 2012 Released at 11:30 AM (CANBERRA TIME) 11/09/2012

JULY 2012 KEY FIGURES

		Jun 2012	Jul 2012	Jun 2012 to Jul 2012
		$m	$m	% change

TREND ESTIMATES
	Housing finance for owner occupation(a)	13 409	13 429	0.1
	Personal finance	7 450	7 484	0.5
	Commercial finance	31 454	31 147	-1.0
	Lease finance	565	571	1.1
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation(a)	13 573	13 386	-1.4
	Personal finance	7 513	7 522	0.1
	Commercial finance	31 395	29 819	-5.0
	Lease finance	550	569	3.4

(a) Excludes alterations and additions

Personal Finance

Commercial Finance

JULY KEY POINTS

JULY 2012 COMPARED WITH JUNE 2012:

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions rose 0.1% in trend terms, while the seasonally adjusted series fell 1.4%.

PERSONAL FINANCE

The trend series for the value of total personal finance commitments rose 0.5%. Fixed lending commitments rose 1.0%, while revolving credit commitments fell 0.3%.
The seasonally adjusted series for the value of total personal finance commitments rose 0.1%. Fixed lending commitments rose 0.9%, while revolving credit commitments fell 0.9%.

COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments fell 1.0%. Fixed lending commitments fell 1.0% and revolving credit commitments fell 0.9%.
The seasonally adjusted series for the value of total commercial finance commitments fell 5.0% in July 2012, after a rise of 1.8% in June 2012. Fixed lending commitments fell 5.2%, after a rise of 2.7% in the previous month. Revolving credit commitments fell 4.4%, following a fall of 0.5% in the previous month.

LEASE FINANCE

The trend series for the value of total lease finance commitments rose 1.1% and the seasonally adjusted series rose 3.4%.

Jim Vaughan

Chief Executive Officer