5601.0 - Lending to households and businesses, Australia, Jul 2019 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 09/09/2019   
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KEY POINTS

  • In seasonally adjusted terms, new lending commitments to households rose 3.9% in July 2019, following a 1.9% rise in June.
  • The rise in lending to households was driven by owner occupier dwellings excluding refinancing (up 5.3%), refinancing of household loans (up 5.4%) and investment dwellings excluding refinancing (up 4.7%).
  • New lending for owner occupier dwellings excluding refinancing fell 8.3% on July 2018 and new lending for investment dwellings excluding refinancing fell 20.4% on July 2018.
  • In trend terms, new lending commitments for owner occupier dwellings excluding refinancing rose 0.7% and investment dwellings excluding refinancing rose 0.3% in July 2019.
  • There were rises in the number of new lending commitments to owner occupier first home buyers (1.3%) and owner occupier non-first home buyers (4.0%) in seasonally adjusted terms. Growth in the number of non-first home buyers was greater than the growth in the number of first home buyers for the first time since December 2018.
  • Lending to households for refinancing rose 5.4% in seasonally adjusted terms. Refinancing of owner occupier dwellings was the largest contributor to the rise in July (up 6.3%), followed by refinancing of investment dwellings (up 3.5%) and refinancing of personal loans (up 4.3%).
  • Personal finance excluding refinancing fell 2.6% in seasonally adjusted terms during July 2019 and is down 8.9% from July 2018.
  • In trend terms, the value of lending commitments to businesses fell 1.3% in July 2019, but is up 1.5% from July 2018.

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

Trend

Total lending
66 404
-0.4
-5.2
Lending to households(a)(b)
31 319
0.5
-11.7
Lending to households for dwellings excluding refinancing(c)
17 221
0.6
-14.2
Lending to households for personal finance excluding refinancing
4 868
0.3
-13.1
Lending to businesses
35 085
-1.3
1.5

Seasonally Adjusted

Total lending
65 017
1.3
-8.3
Lending to households(a)(b)
32 239
3.9
-9.2
Lending to households for dwellings excluding refinancing(c)
17 896
5.1
-11.8
Lending to households for personal finance excluding refinancing
4 887
-2.6
-8.9
Lending to businesses
32 778
-1.1
-7.4

(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






NOTES

FORTHCOMING ISSUES

ISSUE Release Date
August 2019 10 October 2019
September 2019 8 November 2019
October 2019 17 December 2019
November 2019 16 January 2020
December 2019 11 February 2020
January 2020 11 March 2020


FORTHCOMING CHANGES

The Australian Prudential Regulation Authority (APRA) collects data from financial institutions for the Australian Bureau of Statistics (ABS) and the Reserve Bank of Australia (RBA) using various ‘forms'. Data from these forms is used to compile this publication. The current forms were introduced in 2002.

Over the past few years, APRA, the ABS and the RBA have worked to modernise the set of forms and banks have adapted their infrastructure to report on the new forms. The new set of forms is called the Economic and Financial Statistics (EFS) collection. EFS will give more detailed and better quality data on lending to households and businesses.

Changes from the implementation of EFS will be incorporated into the October 2019 publication of Lending to households and businesses, to be released on 17 December 2019. An information paper which outlines the changes in more detail will be released in October 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.


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.