5671.0 - Lending Finance, Australia, Aug 2015 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/10/2015   
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AUGUST KEY FIGURES

Jul 2015
Aug 2015
Jul 2015 to Aug 2015
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation(a)
19 645
20 017
1.9
Personal finance
7 409
7 351
-0.8
Commercial finance
45 046
44 113
-2.1
Lease finance
570
580
1.6
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation(a)
19 591
20 795
6.1
Personal finance
7 371
7 184
-2.5
Commercial finance
43 958
42 037
-4.4
Lease finance
900
601
-33.2

(a) Excludes alterations and additions

Personal Finance
Graph: Graph shows personal  finance seasonally adjusted and trend data

Commercial Finance
Graph: Commercial Finance




AUGUST KEY POINTS


AUGUST 2015 COMPARED WITH JULY 2015:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions rose 1.9% in trend terms, and the seasonally adjusted series rose 6.1%.


PERSONAL FINANCE
  • The trend series for the value of total personal finance commitments fell 0.8%. Fixed lending commitments fell 0.9% and revolving credit commitments fell 0.5%.
  • The seasonally adjusted series for the value of total personal finance commitments fell 2.5%. Revolving credit commitments fell 5.0% and fixed lending commitments fell 0.9%.


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments fell 2.1%. Revolving credit commitments fell 2.5% and fixed lending commitments fell 1.9%.
  • The seasonally adjusted series for the value of total commercial finance commitments fell 4.4%. Revolving credit commitments fell 8.7% and fixed lending commitments fell 3.1%.


LEASE FINANCE
  • The trend series for the value of total lease finance commitments rose 1.6% in August 2015 and the seasonally adjusted series fell 33.2%, after a rise of 60.8% in July 2015.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
September 2015 13 November 2015
October 2015 11 December 2015
November 2015 19 January 2016
December 2015 16 February 2016
January 2016 11 March 2016
February 2016 13 April 2016



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 affected the following:
  • Owner occupied housing values for periods December 2012 to July 2015.
  • Commercial Finance values for periods December 2012 to July 2015.
  • Personal Finance values for the periods December 2012 to July 2015.
  • Investment housing for the periods December 2012 to July 2015.

Previous issues of this publication included trend breaks in some series due to a major lender revising their reported data back to December 2014. In this issue, the ABS has backcast the impacted series for the periods December 2012 to November 2014. The trend breaks that were applied to December 2014 for the series mentioned below are removed this month:
  • Secured Housing Finance - Alterations and additions series published in Tables 1 and 8.
  • Personal Finance - Fixed loans series published in Tables 1 and 50.
  • Personal Finance - Revolving credit series published in Tables 1 and 50.
  • Personal Finance - Total series published in Tables 1 and 50.

These revisions include improved reporting of commercial fixed loans by a significant lender from July 2015. Although breaks were not required to any of the trend series, periods prior to July 2015 will be subject to revisions in future issues of this publication.


PRIVACY

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INQUIRIES

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