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5671.0 - Lending Finance, Australia, Apr 2015  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 12/06/2015   
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APRIL KEY FIGURES

Mar 2015
Apr 2015
Mar 2015 to Apr 2015
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation(a)
18 682
18 924
1.3
Personal finance
8 858
8 901
0.5
Commercial finance
44 970
46 059
2.4
Lease finance
530
539
1.6
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation(a)
18 647
19 218
3.1
Personal finance
8 786
9 091
3.5
Commercial finance
44 698
46 474
4.0
Lease finance
542
533
-1.5

(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




APRIL KEY POINTS


APRIL 2015 COMPARED WITH MARCH 2015:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions rose 1.3% in trend terms, and the seasonally adjusted series rose 3.1%.


PERSONAL FINANCE
  • The trend series for the value of total personal finance commitments rose 0.5%. Fixed lending commitments rose 1.5%, while revolving credit commitments fell 1.0%.
  • The seasonally adjusted series for the value of total personal finance commitments rose 3.5%. Fixed lending commitments rose 5.8% and revolving credit commitments rose 0.1%.


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments rose 2.4%. Fixed lending commitments rose 3.4%, while revolving credit commitments fell 0.4%.
  • The seasonally adjusted series for the value of total commercial finance commitments rose 4.0%. Revolving credit commitments rose 4.1% and fixed lending commitments rose 3.9%.


LEASE FINANCE
  • The trend series for the value of total lease finance commitments rose 1.6% in April 2015 and the seasonally adjusted series fell 1.5%, following a fall of 1.3% in March 2015.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
May 2015 13 July 2015
June 2015 10 August 2015
July 2015 11 September 2015
August 2015 12 October 2015
September 2015 13 November 2015
October 2015 11 December 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:
  • Owner occupied housing values for periods March 2014 to March 2015
  • Commercial Finance values for periods January 2014 to March 2015
  • Personal Finance values for periods January 2014 to March 2015
  • Lease Finance values for periods January 2014 to March 2015
  • Investment housing values for periods March 2014 to March 2015


COVERAGE

Statistics in this publication are currently derived from returns submitted to the Australian Prudential Regulation Authority (APRA) under the Financial Sector (Collection of Data) Act 2001. The reporting population underwent changes in 2014.

To minimise the reporting load placed on businesses the monthly reporting threshold for non-banks was revised in January 2014 to provide 95 per cent asset coverage of the non-bank sector. Only non-banks with total assets at or above the reporting threshold of $200 million are required to report to APRA monthly. All banks report to APRA.

Non-banks with assets below the new threshold ceased reporting from January 2014. Some other non-banks with assets above the threshold started reporting to APRA from January 2014. The lending commitments of some of those which started reporting in January 2014 were excluded from the January 2014 to March 2015 published statistics pending data quality assessment. Further improvements to the non-banks reporting of administrative data have been included in this April 2015 issue. Revisions have been made to previously published statistics for the periods January 2014 to March 2015 and a trend break was added in January 2014 to the Lease Finance series published in Tables 1 and 27 due to this improved reporting.


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INQUIRIES

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


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Commonwealth of Australia 2015

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