5601.0 - Lending to households and businesses, Australia, Jan 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 12/03/2019   
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JANUARY KEY FIGURES

Value of loan commitments
Value
Month Percent Change
Year Percent Change
$m
%
%

Trend

Total lending
65 554
-1.6
-7.2
Lending to households(a)(b)
31 805
-1.9
-15.6
Lending to households for dwellings excluding refinancing(c)
17 363
-2.3
-19.2
Lending to households for personal finance excluding refinancing
5 128
-1.0
-16.7
Lending to businesses
33 749
-1.3
2.5

Seasonally Adjusted

Total lending
66 026
4.1
-7.4
Lending to households(a)(b)
31 291
-2.4
-17.5
Lending to households for dwellings excluding refinancing(c)
17 120
-2.1
-20.6
Lending to households for personal finance excluding refinancing
5 163
1.2
-16.0
Lending to businesses
34 735
10.8
4.1

(a) Includes alterations and additions and refinancing
(b) Components may not sum to total due to independent seasonal adjustment
(c) Excludes alterations and additions

Lending to Households, Value of commitments
Graph: Lending to Households, Value of commitments

Lending to Businesses, Value of commitments
Graph: Lending to Businesses, Value of commitments



JANUARY KEY POINTS


SUMMARY
  • In seasonally adjusted terms, lending commitments to households fell 2.4% in January 2019. This was driven by falls in new lending both for investment dwellings (-4.1%) and for owner occupier dwellings (-1.3%).
  • The fall in lending commitments to households follows a (revised) 3.6% fall in December 2018.
  • In seasonally adjusted terms, the value of new lending commitments for owner occupier dwellings is down 17.1% from January 2018, and the value of new lending commitments for investment dwellings is down 28.6% from January 2018.
  • While there was also a fall in the number of loans to owner occupier first home buyers (-0.3 per cent) in January, this was more stable than the 3.2% fall in the number of loans to owner occupier non-first home buyers.
  • Lending to households for personal finance (up 1.2 per cent) was the only household lending category to record a rise in January, however new lending is down 16.0 per cent compared to January 2018, seasonally adjusted. The value of lending to households for refinancing fell 3.4 per cent.
  • In trend terms, lending to businesses fell 1.3% in January, but is up 2.5% from January 2018.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
February 2019 9 April 2019
March 2019 13 May 2019
April 2019 7 June 2019
May 2019 11 July 2019
June 2019 7 August 2019
July 2019 9 September 2019


REVISIONS IN THIS ISSUE

There are revisions to the data in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment. For information on seasonal adjustment and trend estimation please refer to explanatory notes of this publication.


ROUNDING

Where figures have been rounded, discrepancies may occur between the sums of the component items and totals.


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INQUIRIES

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