5601.0 - Lending Indicators, Nov 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 16/01/2020   
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Data quality note

From July 2019 onwards, data in this publication has been sourced from the Economic and Financial Statistics (EFS) collection, a new and improved data source. There have been extensive and ongoing discussions with lenders about the EFS collection, however only five reporting periods have been collected on the new basis. Data quality is therefore expected to continue to improve over time, as lenders become accustomed to the new reporting basis and further refine the data they report. This process is likely to lead to revisions, including to the historical time series.

Backcasted data to July 2002 is included for some data series. The historical time series data, prior to July 2019, should be used with caution, particularly lower level series that are more volatile. Data prior to July 2019 has been modelled using comparisons made during July 2019 to September 2019, when the new EFS collection was conducted in parallel with the old collection. Consequently, the historical time series should be viewed as analytical series provided to help with interpretation of data reported on the new EFS basis.

Lender type breakdowns

Lender type breakdowns for Major banks, Other Authorised Deposit-taking Institutions (ADIs) and Non-ADIs are only available in this publication for July 2019 to November 2019. It is likely that more information about lender-type breakdowns will become available in the coming months.


Key statistics

In November 2019, new loan commitments:

  • rose 1.8% for housing (seasonally adjusted)
  • fell 1.4% for personal fixed term loans (seasonally adjusted)
  • rose 0.3% for business construction (trend)

New loan commitments
November 2019
Month percent change
Year percent change
$b
%
%

Seasonally adjusted

Households
Housing
18.59
1.8
5.9
Owner occupier (a)
13.35
1.6
10.0
Investor (a)
5.24
2.2
-3.2
Personal
Fixed term loans
1.72
-1.4
1.4
Businesses
Construction
2.91
-14.5
81.9
Purchase of property
4.37
2.5
-31.1

Trend

Households
Housing
18.59
1.8
6.7
Owner occupier (a)
13.38
2.0
11.7
Investor (a)
5.20
1.2
-4.4
Personal
Fixed term loans
1.75
0.6
2.1
Businesses
Construction
3.14
0.3
48.5
Purchase of property
4.60
-2.3
-16.1

(a) Loan commitments for owner occupier and investor housing exclude refinancing.



Key graphs

Recent growth in the value of new loan commitments for housing has been driven by owner occupiers
New loan commitments, total housing (seasonally adjusted), values, Australia

Graph 1: New loan commitments, total housing (seasonally adjusted), values, Australia


The value of new loan commitments for the purchase of road vehicles has stabilised after falls in recent years
New loan commitments, personal fixed term loans (seasonally adjusted), values, Australia

Graph 2: New loan commitments, personal fixed term loans (seasonally adjusted), values, Australia


Despite volatility in the seasonally adjusted movements, the value of business finance commitments for construction and for the purchase of property have continued to converge over the past year in trend terms
New loan commitments, business finance by purpose, values, Australia

Graph 3: New loan commitments, business finance by purpose, values, Australia



Forthcoming issuesRelease Date

December 2019 11 February 2020
January 2020 11 March 2020
February 2020 8 April 2020
March 202012 May 2020