DECEMBER KEY FIGURES
 | | | Value of loan commitments |
| | | Value | Month Percent Change | Year Percent Change |
| | | $m | % | % |
Trend |
|
| Total lending | 66 496 | -2.0 | -5.7 |
| Lending to households(a)(b) | 32 835 | -1.5 | -13.2 |
| | Lending to households for dwellings excluding refinancing(c) | 17 938 | -2.2 | -17.3 |
| | Lending to households for personal finance excluding refinancing | 5 205 | -1.4 | -15.9 |
| Lending to businesses | 33 661 | -2.5 | 3.1 |
Seasonally Adjusted |
|
| Total lending | 62 705 | -7.1 | -10.9 |
| Lending to households(a)(b) | 32 025 | -4.4 | -15.0 |
| | Lending to households for dwellings excluding refinancing(c) | 17 387 | -5.9 | -19.8 |
| | Lending to households for personal finance excluding refinancing | 5 105 | -2.9 | -15.2 |
| Lending to businesses | 30 680 | -9.7 | -6.2 |
|
| (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
| Lending to Businesses, Value of commitments
|
DECEMBER KEY POINTS
SUMMARY
- In seasonally adjusted terms, lending commitments to households fell 4.4% in December 2018. This was driven by large falls in the value of lending for owner occupier dwellings (-6.4%) and investment dwellings (-4.6%).
- The fall in lending commitments to households follows a 2.4% fall in November 2018.
- In seasonally adjusted terms, the value of new lending commitments for owner occupier dwellings is down 16.2% from December 2017, and the value of new lending commitments for investment dwellings is down 27.8% from December 2017.
- The number of loans to owner occupier first home buyers is down 12.6% compared to December 2017 in seasonally adjusted terms. This is smaller than the fall in loans to owner occupier non-first home buyers (-15.5%).
- In seasonally adjusted terms, the value of lending commitments to households fell 3.2% for refinancing and 2.9% for personal finance excluding refinancing in December 2018.
- In trend terms, the value of lending commitments to businesses fell 2.5% in December 2018, but is up 3.1% from December 2017.
NOTES
FORTHCOMING ISSUES
| ISSUE | Release Date |
| January 2019 | 12 March 2019 |
| February 2019 | 9 April 2019 |
| March 2019 | 13 May 2019 |
| April 2019 | 7 June 2019 |
| May 2019 | 11 July 2019 |
FIRST ISSUE
This is the first issue of Lending to Households and Businesses, which supersedes the previous
Housing Finance (5609.0) and
Lending Finance (5671.0) publications. An
information paper was released in January 2019 detailing these changes.
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 the 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.
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