5601.0 - Lending Indicators, Jan 2020 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 11/03/2020   
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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 seven 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 from July 2019 onwards. It is likely that more information about lender-type breakdowns will become available in the coming months.


Key statistics
In January 2020, new loan commitments:

  • rose 4.6% for housing (seasonally adjusted)
  • rose 2.0% for personal fixed term loans (seasonally adjusted)
  • fell 1.3% for business construction (trend)

New loan commitments
January 2020
Month percent change
Year percent change
$b
%
%

Seasonally adjusted

Households
Housing
20.73
4.6
23.3
Owner occupier (a)
15.03
5.0
26.9
Investor (a)
5.70
3.6
14.7
Personal
Fixed term loans
1.83
2.0
10.4
Businesses
Construction
2.13
-29.3
-17.9
Purchase of property
4.53
-17.6
-13.7

Trend

Households
Housing
20.32
2.7
19.2
Owner occupier (a)
14.71
2.9
22.5
Investor (a)
5.61
2.1
11.3
Personal
Fixed term loans
1.82
1.9
9.5
Businesses
Construction
2.92
-1.3
30.5
Purchase of property
4.51
-0.3
-19.4

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



Key graphs

New loan commitments for housing are up 28.2% on the most recent low point in May 2019
New loan commitments, total housing (seasonally adjusted), values, Australia

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


Personal finance fixed term loans rose for the second consecutive month in January, however, the series is down 21.7% on the April 2016 peak
New loan commitments, personal fixed term loans (seasonally adjusted), values, Australia

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


The value of business finance commitments for construction and for the purchase of property fell in both seasonally adjusted and trend terms
New loan commitments, business finance by purpose, values, Australia

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


New ABS website
The ABS will be launching a new website in 2020. You will soon be able to see how this release will appear on the new website by exploring our Beta site. Regular users of this information are encouraged to explore the Beta site and consider if this will affect the way you access and consume ABS data and information. If you would like more information on the new ABS website, or want to discuss how the transition to the new site might impact you, please email newABSwebsite@abs.gov.au.


Forthcoming issuesRelease Date

February 2020 8 April 2020
March 2020 12 May 2020
April 202010 June 2020
May 2020 9 July 2020