5671.0 - Lending Finance, Australia, Jul 2014  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/09/2014   
   Page tools: Print Print Page Print all pages in this productPrint All

JULY KEY FIGURES

Jun 2014
Jul 2014
Jun 2014 to Jul 2014
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation(a)
16 966
17 016
0.3
Personal finance
8 432
8 469
0.4
Commercial finance
45 403
46 625
2.7
Lease finance
425
425
0.1
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation(a)
17 050
17 058
0.0
Personal finance
8 488
8 376
-1.3
Commercial finance
46 595
48 301
3.7
Lease finance
447
414
-7.2

(a) Excludes alterations and additions

Personal Finance
Graph: Lending finance adjusted time series all lenders, total personal finance commitments, total

Commercial Finance
Graph: Commercial Finance




JULY KEY POINTS


JULY 2014 COMPARED WITH JUNE 2014:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions rose 0.3% in trend terms and the seasonally adjusted series was flat.


PERSONAL FINANCE
  • The trend series for the value of total personal finance commitments rose 0.4%. Revolving credit commitments rose 0.8% and fixed lending commitments rose 0.1%.
  • The seasonally adjusted series for the value of total personal finance commitments fell 1.3%. Revolving credit commitments fell 4.7%, while fixed lending commitments rose 1.5%.


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments rose 2.7%. Revolving credit commitments rose 5.1% and fixed lending commitments rose 1.6%.
  • The seasonally adjusted series for the value of total commercial finance commitments rose 3.7% in July 2014, following a rise of 11.8% in June 2014. Fixed lending commitments rose 20.7%, following a rise of 0.8% in the previous month. Revolving credit commitments fell 25.9%, after a rise of 37.7% in the previous month.


LEASE FINANCE
  • The trend series for the value of total lease finance commitments rose 0.1% in July 2014, while the seasonally adjusted series fell 7.2%, after a rise of 1.0% in June 2014.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
August 2014 13 October 2014
September 2014 12 November 2014
October 2014 12 December 2014
November 2014 14 January 2015
December 2014 13 February 2015
January 2015 13 March 2015



REVISIONS

In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions have an impact on:
  • Commercial Finance values (Revolving credit - Total credit limits at end of the month) for the period June 2014

Seasonally adjusted and trend series are revised as a result of the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.


PROPOSED REMOVAL OF TABLES

The ABS is reviewing the usage of some Lending Finance tables, with the aim of improving the relevance of data released and minimising the reporting load placed on businesses.

As part of this review, we are seeking user feedback on the possible removal from future releases of 38 current time series spreadsheets on the downloads tab of the ABS website. The list of tables is shown on page 5. If you have any feedback on the possible removal of these tables, please email <finacct@abs.gov.au> or phone the Financial Statistics Section on Sydney (02) 9268 4186.


PRIVACY

The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to the ABS.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.