5601.0 - Lending to households and businesses, Australia, Sep 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 08/11/2019   
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FORTHCOMING CHANGES

From December 2019, this publication will be based on a new, improved data collection, called the Economic and Financial Statistics (EFS) collection. To better reflect the new content, the publication will be renamed Lending Indicators, Australia (cat. no. 5601.0). The first issue of the new publication will contain October 2019 data and will be released on 17 December 2019.

An Information paper: Upcoming changes to Lending to Households and Businesses, Australia (cat. no. 5601.0.55.002) outlines the changes in more detail.

KEY POINTS

  • In seasonally adjusted terms, new lending commitments to households rose 1.1% in September 2019, following a 3.8% rise in August.
  • The rise in lending to households was driven by owner occupier dwellings excluding refinancing (up 3.2%) followed by personal finance excluding refinancing (up 7.7%). New lending commitments for investment dwellings excluding refinancing fell 4.0% in September 2019.
  • In through-the-year terms, the value of new lending commitments was up 5.6% for owner occupier dwellings excluding refinancing and down 13.6% for investment dwellings excluding refinancing on September 2018 levels.
  • In trend terms, new lending commitments for owner occupier dwellings excluding refinancing rose 2.5% and investment dwellings excluding refinancing rose 1.6% in September 2019.
  • The number of lending commitments for owner occupier first home buyers fell 1.9%, while the number of lending commitments for non-first home buyers rose 5.6% in seasonally adjusted terms.
  • Lending to households for refinancing of household loans fell 2.6% in seasonally adjusted terms. Refinancing of owner occupier dwellings was the largest contributor to the fall in September (down 3.5%), followed by refinancing of investment dwellings (down 0.9%) and refinancing of personal loans (down 0.5%).
  • Personal finance excluding refinancing rose 7.7% in seasonally adjusted terms in September 2019 and was down 5.7% on September 2018.
  • The value of lending commitments to businesses fell 0.9% in trend terms in September 2019 and was down 3.5% on September 2018.


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

Trend

Total lending
67 748
0.5
-2.7
Lending to households(a)(b)
33 632
2.0
-1.9
Lending to households for dwellings excluding refinancing(c)
18 640
2.3
-2.7
Lending to households for personal finance excluding refinancing
4 976
1.0
-8.2
Lending to businesses
34 116
-0.9
-3.5

Seasonally Adjusted

Total lending
71 291
9.8
1.4
Lending to households(a)(b)
34 093
1.1
0.6
Lending to households for dwellings excluding refinancing(c)
18 930
1.3
0.1
Lending to households for personal finance excluding refinancing
5 117
7.7
-5.7
Lending to businesses
37 198
19.1
2.2

(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
October 2019 17 December 2019
November 2019 16 January 2020
December 2019 11 February 2020
January 2020 11 March 2020
February 2020 8 April 2020
March 202012 May 2020


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

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INQUIRIES

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