FEBRUARY KEY FIGURES

		Jan 2015	Feb 2015	Jan 2015 to Feb 2015
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation(a)	18 158	18 341	1.0
	Personal finance	8 687	8 676	-0.1
	Commercial finance	41 264	42 441	2.9
	Lease finance	400	396	-1.1
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation(a)	18 246	18 345	0.5
	Personal finance	8 763	8 747	-0.2
	Commercial finance	43 967	43 549	-1.0
	Lease finance	407	423	4.1
(a) Excludes alterations and additions

Personal Finance

Commercial Finance

FEBRUARY KEY POINTS


FEBRUARY 2015 COMPARED WITH JANUARY 2015:

HOUSING FINANCE FOR OWNER OCCUPATION

• The total value of owner occupied housing commitments excluding alterations and additions rose 1.0% in trend terms, and the seasonally adjusted series rose 0.5%.

PERSONAL FINANCE

• The trend series for the value of total personal finance commitments fell 0.1%. Fixed lending commitments fell 0.6%, while revolving credit commitments rose 0.5%.
• The seasonally adjusted series for the value of total personal finance commitments fell 0.2%. Fixed lending commitments fell 0.9%, while revolving credit commitments rose 0.8%.

COMMERCIAL FINANCE

• The trend series for the value of total commercial finance commitments rose 2.9%. Revolving credit commitments rose 4.8% and fixed lending commitments rose 2.1%.
• The seasonally adjusted series for the value of total commercial finance commitments fell 1.0%. Revolving credit commitments fell 10.6%, while fixed lending commitments rose 3.3%.

LEASE FINANCE

• The trend series for the value of total lease finance commitments fell 1.1% in February 2015 and the seasonally adjusted series rose 4.1%, following a rise of 12.4% in January 2015.

NOTES

FORTHCOMING ISSUES

ISSUE	Release Date
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
August 2015	12 October 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 January 2014 to January 2015
• Commercial Finance values for the periods January 2014 to January 2015
• Personal Finance values for the periods January 2014 to January 2015
• Lease Finance values for the periods January 2014 to January 2015
• Investment housing values for the periods January 2014 to January 2015

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 threshold started reporting to APRA from January 2014. The lending commitments of those which started reporting in January 2014 were excluded from the January 2014 to January 2015 published statistics pending assessment of seasonal impacts of those non-banks’ commitments on seasonally adjusted and trend series estimates. This February 2015 issue includes these finance commitments reported by non-banks that started reporting to APRA from January 2014. Revisions have been made to previously published statistics for the periods January 2014 to January 2015 to reflect the change in coverage of non-banks.


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