5671.0 - Lending Finance, Australia, October 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 12/12/2018   
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UPDATE TO FORTHCOMING CHANGES

The ABS is combining Housing Finance, Australia (5609.0) and Lending Finance, Australia (5671.0) into a single, simpler publication called Lending to Households and Businesses, Australia (5601.0). An information paper will be released on 11 January 2019 which outlines the forthcoming changes in more detail and outlines the format of the new publication, as well as providing historical data in the new table structures. In the new publication, some of the data currently published in the two publications will no longer be published, however, some existing outputs will be further disaggregated. New analytical series will also be added with the inclusion of seasonally adjusted and trend estimates for more data items. This new consolidated publication will be released on 12 February 2019.


OCTOBER KEY FIGURES

Sep 2018
Oct 2018
Sep 2018 to Oct 2018
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation(a)
20 216
20 006
-1.0
Personal finance
5 811
5 777
-0.6
Commercial finance
43 891
44 461
1.3
Lease finance
624
618
-1.1
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation(a)
19 457
20 147
3.5
Personal finance
5 894
5 760
-2.3
Commercial finance
45 314
43 928
-3.1
Lease finance
598
609
1.8

(a) Excludes alterations and additions

Personal Finance
Graph: Graph shows personal  finance seasonally adjusted and trend data

Commercial Finance
Graph: Commercial Finance



OCTOBER KEY POINTS


OCTOBER 2018 COMPARED WITH SEPTEMBER 2018:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions fell 1.0% in trend terms, while the seasonally adjusted series rose 3.5%.


PERSONAL FINANCE
  • The trend series for the value of total personal finance commitments fell 0.6%. Revolving credit commitments fell 2.5%, while fixed lending commitments rose 0.3%.
  • The seasonally adjusted series for the value of total personal finance commitments fell 2.3%. Revolving credit commitments fell 4.6% and fixed lending commitments fell 1.2%.


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments rose 1.3%. Fixed lending commitments rose 1.8% while revolving credit commitments fell 0.3%.
  • The seasonally adjusted series for the value of total commercial finance commitments fell 3.1%. Revolving credit commitments fell 17.7%, while fixed lending commitments rose 1.6%.


LEASE FINANCE
  • The trend series for the value of total lease finance commitments fell 1.1% in October 2018, while the seasonally adjusted series rose 1.8%, after a fall of 3.7% in September 2018.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
November 2018 21 January 2019 (Final Issue)


REVISIONS

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 affected the following series:
  • Owner-occupied finance for the periods July 2018 to September 2018.
  • Investment housing for the periods July 2018 to September 2018.
  • Commercial Finance for the periods July 2018 to September 2018.
  • Personal Finance for the period September 2018.
  • Lease Finance for the periods July 2018 to September 2018.


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.