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5671.0 - Lending Finance, Australia, Jan 2015  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 13/03/2015   
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JANUARY KEY FIGURES

Dec 2014
Jan 2015
Dec 2014 to Jan 2015
$m
$m
% change

TREND ESTIMATES
Housing finance for owner occupation(a)
17 609
17 743
0.8
Personal finance
8 642
8 637
-0.1
Commercial finance
39 333
39 747
1.1
Lease finance
386
377
-2.5
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation(a)
17 893
17 712
-1.0
Personal finance
8 423
8 707
3.4
Commercial finance
38 503
43 766
13.7
Lease finance
349
394
13.1

(a) Excludes alterations and additions

Personal Finance
Graph: Lending finance adjusted time series all lenders, total personal finance commitments, total

Commercial Finance
Graph: Commercial Finance




JANUARY KEY POINTS


JANUARY 2015 COMPARED WITH DECEMBER 2014:

HOUSING FINANCE FOR OWNER OCCUPATION
  • The total value of owner occupied housing commitments excluding alterations and additions rose 0.8% in trend terms, and the seasonally adjusted series fell 1.0%.


PERSONAL FINANCE
  • The trend series for the value of total personal finance commitments fell 0.1%. Revolving credit commitments rose 0.2%, while fixed lending commitments fell 0.3%.
  • The seasonally adjusted series for the value of total personal finance commitments rose 3.4%. Revolving credit commitments rose 8.7%, while fixed lending commitments fell 0.5%.


COMMERCIAL FINANCE
  • The trend series for the value of total commercial finance commitments rose 1.1%. Revolving credit commitments rose 6.6%, while fixed lending commitments fell 1.0%.
  • The seasonally adjusted series for the value of total commercial finance commitments rose 13.7%. Revolving credit commitments rose 34.4% and fixed lending commitments rose 6.3%.


LEASE FINANCE
  • The trend series for the value of total lease finance commitments fell 2.5% in January 2015 while the seasonally adjusted series rose 13.1%, after a fall of 11.5% in December 2014.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
February 2015 14 April 2015
March 2015 15 May 2015
April 2015 12 June 2015
May 2015 13 July 2015
June 2015 10 August 2015
July 2015 11 September 2015



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 an impact on:
  • Owner occupied housing values for periods August 2014 to December 2014
  • Commercial Finance values for the period of December 2014
  • Personal Finance values for the period of December 2014
  • Investment housing values for the period of December 2014


COVERAGE

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. The reporting population underwent changes in 2014.

To minimise the reporting load placed on businesses the monthly reporting threshold for non-banks was revised in January 2014 to provide 95 per cent asset coverage of the non-bank sector. Only non-banks with total assets at or above the reporting threshold of $200 million are required to report to APRA monthly. All banks report to APRA.

Non-banks with assets below the new threshold ceased reporting from January 2014. Some other non-banks with assets above the reporting threshold started reporting to APRA from January 2014. The lending commitments of those which started reporting in January 2014 were not included in January 2014 to January 2015 published statistics pending assessment of seasonal impacts of those non-banks’ commitments on seasonally adjusted and trend series estimates.

The February 2015 issue of this publication will include finance commitments reported by non-banks above the reporting threshold that started reporting from January 2014. The February 2015 issue will include revisions resulting from the change in the reporting population. Further details will be provided in the February 2015 issue of this publication.


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.


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Commonwealth of Australia 2015

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