5601.0 - Lending to households and businesses, Australia, Jun 2019 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/08/2019   
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KEY POINTS

  • In seasonally adjusted terms, lending commitments to households rose 1.3% in June 2019, following a 1.6% fall in May.
  • The rise in lending to households was driven by owner occupier dwellings excluding refinancing (up 2.4%) and personal finance excluding refinancing (up 4.9%).
  • In trend terms, lending commitments for owner occupier dwellings excluding refinancing fell 0.1% and investment dwellings excluding refinancing fell 0.9% in June 2019.
  • There were rises in the number of new lending commitments to owner occupier first home buyers (2.1%) and owner occupier non-first home buyers (0.4%), in seasonally adjusted terms. The number of first home buyers fell 4.6% on June 2018.
  • Personal finance excluding refinancing rose 4.9% in seasonally adjusted terms in June 2019 but is down 10.9% from June 2018.
  • Lending to households for refinancing fell 2.1% in seasonally adjusted terms, following a 0.2% rise in May 2019.
  • In trend terms, the value of lending commitments to businesses rose 1.1% in June and is up 8.2% from June 2018.


KEY FIGURES

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

Trend

Total lending
66 980
0.5
-3.7
Lending to households(a)(b)
30 627
-0.2
-14.7
Lending to households for dwellings excluding refinancing(c)
16 695
-0.3
-18.1
Lending to households for personal finance excluding refinancing
4 907
0.4
-14.0
Lending to businesses
36 352
1.1
8.2

Seasonally Adjusted

Total lending
64 344
-8.8
-9.0
Lending to households(a)(b)
30 861
1.3
-13.6
Lending to households for dwellings excluding refinancing(c)
16 820
1.9
-17.6
Lending to households for personal finance excluding refinancing
5 096
4.9
-10.9
Lending to businesses
33 484
-16.5
-4.4

(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
July 2019 9 September 2019
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


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.