AUGUST KEY FIGURES

		Jul 2014	Aug 2014	Jul 2014 to Aug 2014
		$m	$m	% change
TREND ESTIMATES
	Housing finance for owner occupation(a)	16 842	16 820	-0.1
	Personal finance	8 638	8 725	1.0
	Commercial finance	44 467	44 554	0.2
	Lease finance	436	441	1.1
SEASONALLY ADJUSTED ESTIMATES
	Housing finance for owner occupation(a)	16 971	16 631	-2.0
	Personal finance	8 467	8 907	5.2
	Commercial finance	47 898	40 100	-16.3
	Lease finance	418	454	8.7
(a) Excludes alterations and additions

Personal Finance

Commercial Finance

AUGUST KEY POINTS


AUGUST 2014 COMPARED WITH JULY 2014:

HOUSING FINANCE FOR OWNER OCCUPATION

• The total value of owner occupied housing commitments excluding alterations and additions fell 0.1% in trend terms, and the seasonally adjusted series fell 2.0%.

PERSONAL FINANCE

• The trend series for the value of total personal finance commitments rose 1.0%. Fixed lending commitments rose 1.0% and revolving credit commitments rose 0.9%.
• The seasonally adjusted series for the value of total personal finance commitments rose 5.2%. Revolving credit commitments rose 5.9% and fixed lending commitments rose 4.7% .

COMMERCIAL FINANCE

• The trend series for the value of total commercial finance commitments rose 0.2%. Revolving credit commitments rose 0.4% and fixed lending commitments rose 0.1%.
• The seasonally adjusted series for the value of total commercial finance commitments fell 16.3% in August 2014, after a rise of 3.4% in July 2014. Fixed lending commitments fell 18.6%, after a rise of 21.0% in the previous month. Revolving credit commitments fell 9.6%, following a fall of 26.8% in the previous month.

LEASE FINANCE

• The trend series for the value of total lease finance commitments rose 1.1% in August 2014 and the seasonally adjusted series rose 8.7%, after a fall of 7.3% in July 2014.

NOTES

FORTHCOMING ISSUES

ISSUE	Release Date
September 2014	12 November 2014
October 2014	12 December 2014
November 2014	14 January 2015
December 2014	13 February 2015
January 2015	13 March 2015
February 2015	14 April 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:

• Commercial Finance values for the period of July 2014

Seasonally adjusted and trend series are revised as a result of the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.


PROPOSED REMOVAL OF TABLES

The ABS is reviewing the usage of some Lending Finance tables, with the aim of improving the relevance of data released and minimising the reporting load placed on businesses.

As part of this review, we are seeking user feedback on the possible removal from future releases of 38 current time series spreadsheets on the downloads tab of the ABS website. The list of tables is shown at Proposed Removal of Tables. If you have any feedback on the possible removal of these tables, please email <finacct@abs.gov.au> or phone the Financial Statistics Section on Sydney (02) 9268 4186.


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.