5671.0 - Lending Finance, Australia, Jun 2015 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 10/08/2015
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JUNE KEY POINTS
JUNE 2015 COMPARED WITH MAY 2015:
HOUSING FINANCE FOR OWNER OCCUPATION
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:
These revisions include improved reporting by a significant lender from December 2014. The impact of this improved reporting has resulted in trend breaks being applied to the following series in December 2014:
The ABS is currently investigating the impact on the series estimates for the periods prior to December 2014 and will determine if adjustments are necessary to the historical series. Any resulting revisions will be published in future issues of this publication.
OWNER OCCUPATION AND INVESTMENT HOUSING
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, primarily for use by the Australian Bureau of Statistics (ABS). The ABS anticipates that in the coming months some lenders will revise residential mortgage data reported to APRA. These revisions are expected to result in changes in the proportion of the investment housing statistics relative to owner occupation statistics. It is not expected that aggregate data on lending statistics for housing will change significantly. The ABS is working closely with APRA and affected lenders as they remediate their data and processes.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.
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