5601.0 - Lending to households and businesses, Australia, Dec 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 12/02/2019   
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DECEMBER KEY FIGURES

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

Trend

Total lending
66 496
-2.0
-5.7
Lending to households(a)(b)
32 835
-1.5
-13.2
Lending to households for dwellings excluding refinancing(c)
17 938
-2.2
-17.3
Lending to households for personal finance excluding refinancing
5 205
-1.4
-15.9
Lending to businesses
33 661
-2.5
3.1

Seasonally Adjusted

Total lending
62 705
-7.1
-10.9
Lending to households(a)(b)
32 025
-4.4
-15.0
Lending to households for dwellings excluding refinancing(c)
17 387
-5.9
-19.8
Lending to households for personal finance excluding refinancing
5 105
-2.9
-15.2
Lending to businesses
30 680
-9.7
-6.2

(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



DECEMBER KEY POINTS


SUMMARY
  • In seasonally adjusted terms, lending commitments to households fell 4.4% in December 2018. This was driven by large falls in the value of lending for owner occupier dwellings (-6.4%) and investment dwellings (-4.6%).
  • The fall in lending commitments to households follows a 2.4% fall in November 2018.
  • In seasonally adjusted terms, the value of new lending commitments for owner occupier dwellings is down 16.2% from December 2017, and the value of new lending commitments for investment dwellings is down 27.8% from December 2017.
  • The number of loans to owner occupier first home buyers is down 12.6% compared to December 2017 in seasonally adjusted terms. This is smaller than the fall in loans to owner occupier non-first home buyers (-15.5%).
  • In seasonally adjusted terms, the value of lending commitments to households fell 3.2% for refinancing and 2.9% for personal finance excluding refinancing in December 2018.
  • In trend terms, the value of lending commitments to businesses fell 2.5% in December 2018, but is up 3.1% from December 2017.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
January 2019 12 March 2019
February 2019 9 April 2019
March 2019 13 May 2019
April 2019 7 June 2019
May 2019 11 July 2019


FIRST ISSUE

This is the first issue of Lending to Households and Businesses, which supersedes the previous Housing Finance (5609.0) and Lending Finance (5671.0) publications. An information paper was released in January 2019 detailing these changes.


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 the explanatory notes of this publication.


ROUNDING

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


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.