5671.0 - Lending Finance, Australia, May 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 13/07/2018   
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MAY KEY FIGURES

Apr 2018
May 2018
Apr 2018 to May 2018
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation(a)
21 122
21 089
-0.2
Personal finance
6 159
6 129
-0.5
Commercial finance
40 302
39 455
-2.1
Lease finance
565
575
1.8
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation(a)
21 015
21 168
0.7
Personal finance
6 267
5 987
-4.5
Commercial finance
40 208
39 317
-2.2
Lease finance
552
622
12.8

(a) Excludes alterations and additions

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

Commercial Finance
Graph: Commercial Finance



MAY KEY POINTS


MAY 2018 COMPARED WITH APRIL 2018:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions fell 0.2% in trend terms, while the seasonally adjusted series rose 0.7%.


PERSONAL FINANCE
  • The trend series for the value of total personal finance commitments fell 0.5%. Fixed lending commitments fell 0.8%, while revolving credit commitments was flat.
  • The seasonally adjusted series for the value of total personal finance commitments fell 4.5%. Revolving credit commitments fell 12.0%, while fixed lending commitments rose 0.6%.


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments fell 2.1%. Fixed lending commitments fell 2.6% and revolving credit commitments fell 0.4%.
  • The seasonally adjusted series for the value of total commercial finance commitments fell 2.2%. Fixed lending commitments fell 6.3%, while revolving credit commitments rose 12.6%.


LEASE FINANCE
  • The trend series for the value of total lease finance commitments rose 1.8% in May 2018 and the seasonally adjusted series rose 12.8%, following a rise of 2.9% in April 2018.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2018 10 August 2018
July 2018 11 September 2018
August 2018 16 October 2018
September 2018 13 November 2018
October 2018 12 December 2018


FORTHCOMING CHANGES

Upcoming release of the new, streamlined monthly finance publication, Lending to Households and Businesses, Australia (5601.0)

The ABS is combining Housing Finance, Australia (5609.0) and Lending Finance, Australia (5671.0) into a single, simpler publication called Lending to Households and Businesses, Australia (5601.0). An information paper which outlines the forthcoming changes in more detail and format of the new publication, as well as historical data in the new table structures, will be released no less than one month prior to release of the new publication. Some of the data currently published in the two publications will no longer be published in the new consolidated publication, however, some existing outputs will be further disaggregated. New analytical series will also be added with the inclusion of seasonally adjusted and trend estimates for more data items.


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 series:
  • Commercial Finance for the periods March 2018 and April 2018.
  • Personal Finance for the period April 2018.
  • Owner occupied housing for the period April 2018.
  • Investment housing for the period April 2018.


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.