Australian National Accounts: Finance and Wealth

This is not the latest release View the latest release

National, public and private corporations, government and household financial and capital accounts, and household balance sheets.

Reference period

June 2020

Released

24/09/2020

View all releases

Key statistics

$165.1b (1.5%) rise in household wealth to $11,131.8b
$8.1b rise in Australia’s net lending position to a record $18.4b
Rise in total capital investment to 23.1% of GDP, despite a fall in the level of investment
Demand for credit was $138.0b, the largest funding recorded in the entire time series

Main features

Articles

This quarter's Finance and Wealth includes the following articles:

Financing resources

Total financing resources available to the Australian economy rose by $16.7b to $126.9b for the June quarter. Gross saving was the biggest driver with:

$76.8b gross saving by households, an increase of $25.1b from the March quarter
$77.8b gross saving by non financial corporations, an increase of $47.6b from the March quarter

Gross saving by general government was -$63.6b, a decrease of $77.7b from the March quarter. The large fall in saving reflects the government's economic response to the COVID-19 pandemic, which resulted in record high subsidy payments to households and businesses.

Financing resources table

Financing resources, June quarter 2020, original, current prices, $b
	Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Net saving (a)	34.4	14.6	-74.7	45.4	19.7	-19.2
plus Consumption of fixed capital	43.4	3.2	11.1	31.4	89.1	-
Gross saving	77.8	17.8	-63.6	76.8	108.8	-19.2
plus Net capital transfers	0.4	0.0	-3.0	2.4	-0.2	0.2
less Statistical discrepancy (b)	-	-	-	-	-18.3	-
Total financing resources	78.1	17.8	-66.5	79.2	126.9	-19.0

Capital formation

Capital formation for the June quarter was $107.9b. This is 6.9% lower than the level in June 2019 and the lowest since 2011.

Total financing resources available exceeded the level of capital formation resulting in Australia being a net lender in the June quarter.

Capital formation and financial investment table

Uses of financing (investment), June quarter 2020, original, current prices, $b
		Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Capital formation
	Gross fixed capital formation	50.8	3.1	24.4	36.9	115.2	-
	plus Changes in inventories	-7.2	0.0	1.7	-1.8	-7.3	-
	plus Net acquisition of non-produced non-financial assets	-0.2	-	0.2	-	-	-
	Total capital formation	43.4	3.1	26.3	35.1	107.9	-
plus Financial investment
	Aquistition of financial assets	37.9	-53.2	58.1	76.0	-156.2	-174.6
	less Incurrence of financial liabilities	-1.9	-57.9	146.7	13.4	-174.6	-156.2
	Net Financial investment (Net lending (+) / net borrowing (-))	39.8	4.7	-88.6	62.5	18.4	-18.4
less Net errors and omissions	5.1	-10.0	4.2	18.4	-0.6	0.6
Total investment	78.1	17.8	-66.5	79.2	126.9	-19.0

Financial investment

Australia was a net lender of $18.4b in the June quarter, the strongest on record. It was also Australia's fifth consecutive quarter of net lending. This was due to a $174.6b decrease in liabilities to rest of world (ROW) driven by:

$50.6b in net maturites of debt securities (one name paper and bonds) held by ROW and issued by authorised deposit taking institutions (ADIs)
$97.0b in settlements of derivative contracts with ROW

ADIs sourced alternative, lower cost forms of funding such as deposits and RBA's term funding facility, rather than issuing debt overseas.

Households' $62.5b net lending position was the result of a $76.0b acquisition of assets and a $13.4b incurrence of liabilities, driven by:

$33.4b increase in deposits
$13.3b increase in loan liabilities

The increase in deposits reflects increased household saving due to government income support packages combined with reduction in consumption due to COVID-19. The increase in loan liabilities was as a result of refinancing activity and deferred loan repayments relating to housing loans.

Non-financial corporations' $39.8b net lending position was due to a $37.9b acquisition of assets and a $1.9b decrease in liabilities, driven by:

$32.0b increase in deposits
$33.2b repayment of loan liabilities
partly offset by $26.2b in equity raisings

General government's $62.5b net borrowing position was due to a $146.7b increase in liabilities, driven by:

A record $106.6b issuance of debt securities (one name paper and bonds)
$29.4b increase in loan liabilities

Increases in both debt security issuance and loan liabilities were used to mainly fund COVID-19 related economic support policies. For further analysis, see - Financing COVID-19 government policies

Net financial investment (net lending (+) / borrowing (-))
	National net financial investment ($b)	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Jun-07	-16.2	-32.6	-16.9	12.8	20.5
Sep-07	-20.0	-38.9	-5.0	-6.4	30.3
Dec-07	-22.1	-32.6	-1.0	6.1	5.4
Mar-08	-20.3	-26.5	-12.2	7.8	10.6
Jun-08	-15.0	-6.1	-17.4	1.9	6.6
Sep-08	-14.1	-40.5	-10.7	5.0	32.0
Dec-08	-8.4	-26.1	-17.5	-5.9	41.1
Mar-09	-7.2	-5.4	-1.1	-2.6	2.0
Jun-09	-14.8	13.6	-30.0	-17.6	19.3
Sep-09	-18.9	-35.2	30.2	-28.2	14.3
Dec-09	-23.2	-11.6	-4.3	-18.6	11.3
Mar-10	-20.4	0.9	-21.5	-12.5	12.6
Jun-10	-6.4	24.1	-9.8	-11.5	-9.2
Sep-10	-11.7	-3.3	9.4	-24.5	6.7
Dec-10	-13.9	-7.2	8.3	-14.4	-0.6
Mar-11	-13.2	23.8	3.4	-15.8	-24.6
Jun-11	-8.0	10.1	10.1	-22.1	-6.1
Sep-11	-10.6	1.8	1.5	-28.1	14.2
Dec-11	-13.7	0.5	-2.6	-15.7	4.1
Mar-12	-16.4	-36.4	19.8	-12.3	12.5
Jun-12	-10.1	1.5	-20.1	-33.3	41.8
Sep-12	-19.3	-7.5	-15.0	-22.0	25.3
Dec-12	-18.0	1.4	3.5	-16.2	-6.7
Mar-13	-10.9	-33.0	21.1	-16.2	17.3
Jun-13	-11.3	-37.9	18.8	-15.5	23.4
Sep-13	-17.3	-11.4	-18.7	-19.2	32.0
Dec-13	-11.3	-65.3	23.4	-9.8	40.4
Mar-14	-11.5	-20.1	4.6	-10.1	14.1
Jun-14	-9.5	-24.9	20.6	-14.1	9.0
Sep-14	-18.1	-7.9	-22.9	-16.4	29.1
Dec-14	-12.8	0.4	-22.2	-13.8	22.9
Mar-15	-12.2	-13.6	-4.0	-4.6	10.0
Jun-15	-19.1	-37.9	10.6	-6.0	14.2
Sep-15	-24.9	-62.8	6.0	-15.3	47.1
Dec-15	-22.1	-44.3	7.5	-6.2	20.9
Mar-16	-17.2	-22.0	12.8	-11.7	3.7
Jun-16	-16.0	5.1	-29.5	-6.8	15.3
Sep-16	-16.4	-7.1	-3.0	-22.5	16.2
Dec-16	-5.3	-8.4	-9.8	-21.0	33.8
Mar-17	-8.6	-19.6	4.8	0.3	5.9
Jun-17	-11.4	19.9	-26.9	-14.6	10.2
Sep-17	-18.0	-11.1	-13.4	-17.6	24.1
Dec-17	-17.2	-32.3	-18.3	-1.8	35.1
Mar-18	-11.4	-26.4	4.2	1.0	9.8
Jun-18	-14.1	-10.2	-18.0	3.3	10.8
Sep-18	-13.0	-32.1	2.9	-14.1	30.3
Dec-18	-9.3	-34.7	-3.6	-6.0	35.0
Mar-19	-2.4	-24.6	4.5	1.2	16.6
Jun-19	4.4	0.1	-20.6	-6.5	31.5
Sep-19	5.3	-7.4	-22.6	-18.6	53.9
Dec-19	0.6	-18.1	6.8	-9.2	21.1
Mar-20	10.3	-7.2	12.5	-13.1	18.0
Jun-20	18.4	39.8	4.7	-88.6	62.5

Net financial investment (net lending (+) / borrowing (-))

["","National net financial investment","Non-financial corporations","Financial corporations","General government","Households"]

[["Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[-16.199999999999999],[-20],[-22.100000000000001],[-20.300000000000001],[-15],[-14.1],[-8.4000000000000004],[-7.2000000000000002],[-14.800000000000001],[-18.899999999999999],[-23.199999999999999],[-20.399999999999999],[-6.4000000000000004],[-11.699999999999999],[-13.9],[-13.199999999999999],[-8],[-10.6],[-13.699999999999999],[-16.399999999999999],[-10.1],[-19.300000000000001],[-18],[-10.9],[-11.300000000000001],[-17.300000000000001],[-11.300000000000001],[-11.5],[-9.5],[-18.100000000000001],[-12.800000000000001],[-12.199999999999999],[-19.100000000000001],[-24.899999999999999],[-22.100000000000001],[-17.199999999999999],[-16],[-16.399999999999999],[-5.2999999999999998],[-8.5999999999999996],[-11.4],[-18],[-17.199999999999999],[-11.4],[-14.1],[-13],[-9.3000000000000007],[-2.3999999999999999],[4.4000000000000004],[5.2999999999999998],[0.59999999999999998],[10.300000000000001],[18.399999999999999]],[[-32.600000000000001],[-38.899999999999999],[-32.600000000000001],[-26.5],[-6.0999999999999996],[-40.5],[-26.100000000000001],[-5.4000000000000004],[13.6],[-35.200000000000003],[-11.6],[0.90000000000000002],[24.100000000000001],[-3.2999999999999998],[-7.2000000000000002],[23.800000000000001],[10.1],[1.8],[0.5],[-36.399999999999999],[1.5],[-7.5],[1.3999999999999999],[-33],[-37.899999999999999],[-11.4],[-65.299999999999997],[-20.100000000000001],[-24.899999999999999],[-7.9000000000000004],[0.40000000000000002],[-13.6],[-37.899999999999999],[-62.799999999999997],[-44.299999999999997],[-22],[5.0999999999999996],[-7.0999999999999996],[-8.4000000000000004],[-19.600000000000001],[19.899999999999999],[-11.1],[-32.299999999999997],[-26.399999999999999],[-10.199999999999999],[-32.100000000000001],[-34.700000000000003],[-24.600000000000001],[0.10000000000000001],[-7.4000000000000004],[-18.100000000000001],[-7.2000000000000002],[39.799999999999997]],[[-16.899999999999999],[-5],[-1],[-12.199999999999999],[-17.399999999999999],[-10.699999999999999],[-17.5],[-1.1000000000000001],[-30],[30.199999999999999],[-4.2999999999999998],[-21.5],[-9.8000000000000007],[9.4000000000000004],[8.3000000000000007],[3.3999999999999999],[10.1],[1.5],[-2.6000000000000001],[19.800000000000001],[-20.100000000000001],[-15],[3.5],[21.100000000000001],[18.800000000000001],[-18.699999999999999],[23.399999999999999],[4.5999999999999996],[20.600000000000001],[-22.899999999999999],[-22.199999999999999],[-4],[10.6],[6],[7.5],[12.800000000000001],[-29.5],[-3],[-9.8000000000000007],[4.7999999999999998],[-26.899999999999999],[-13.4],[-18.300000000000001],[4.2000000000000002],[-18],[2.8999999999999999],[-3.6000000000000001],[4.5],[-20.600000000000001],[-22.600000000000001],[6.7999999999999998],[12.5],[4.7000000000000002]],[[12.800000000000001],[-6.4000000000000004],[6.0999999999999996],[7.7999999999999998],[1.8999999999999999],[5],[-5.9000000000000004],[-2.6000000000000001],[-17.600000000000001],[-28.199999999999999],[-18.600000000000001],[-12.5],[-11.5],[-24.5],[-14.4],[-15.800000000000001],[-22.100000000000001],[-28.100000000000001],[-15.699999999999999],[-12.300000000000001],[-33.299999999999997],[-22],[-16.199999999999999],[-16.199999999999999],[-15.5],[-19.199999999999999],[-9.8000000000000007],[-10.1],[-14.1],[-16.399999999999999],[-13.800000000000001],[-4.5999999999999996],[-6],[-15.300000000000001],[-6.2000000000000002],[-11.699999999999999],[-6.7999999999999998],[-22.5],[-21],[0.29999999999999999],[-14.6],[-17.600000000000001],[-1.8],[1],[3.2999999999999998],[-14.1],[-6],[1.2],[-6.5],[-18.600000000000001],[-9.1999999999999993],[-13.1],[-88.599999999999994]],[[20.5],[30.300000000000001],[5.4000000000000004],[10.6],[6.5999999999999996],[32],[41.100000000000001],[2],[19.300000000000001],[14.300000000000001],[11.300000000000001],[12.6],[-9.1999999999999993],[6.7000000000000002],[-0.59999999999999998],[-24.600000000000001],[-6.0999999999999996],[14.199999999999999],[4.0999999999999996],[12.5],[41.799999999999997],[25.300000000000001],[-6.7000000000000002],[17.300000000000001],[23.399999999999999],[32],[40.399999999999999],[14.1],[9],[29.100000000000001],[22.899999999999999],[10],[14.199999999999999],[47.100000000000001],[20.899999999999999],[3.7000000000000002],[15.300000000000001],[16.199999999999999],[33.799999999999997],[5.9000000000000004],[10.199999999999999],[24.100000000000001],[35.100000000000001],[9.8000000000000007],[10.800000000000001],[30.300000000000001],[35],[16.600000000000001],[31.5],[53.899999999999999],[21.100000000000001],[18],[62.5]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"","axis_min":"-100","axis_max":"125","axis_title":"$b","precision":"1","table_units":"($b)","tooltip_units":"(b)","axis_units":"","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

Financial market summary table

Financial market summary, $b
		Amounts outstanding, Mar-20	Transactions, Jun-20	Other changes, Jun-20	Amounts outstanding, Jun-20
Currency and deposits
	Currency	89.5	4.8	-	94.2
	Transferable deposits	1,353.3	44.6	-2.7	1,395.3
	Other deposits	1,527.1	-3.2	-24.0	1,499.9
Short term debt securities
	Bills of exchange	18.1	-2.0	-	16.1
	One name paper	525.5	-0.2	-15.3	510.1
Long term debt securities
	Bonds, etc.	2,994.8	199.4	-44.6	3,149.5
Derivatives
	Derivatives	1,248.5	-245.0	-9.5	994.1
Loans and placements
	Short term	461.5	-15.0	-9.3	437.2
	Long term	4,122.3	-18.4	-36.1	4,067.8
Shares and other equity
	Listed	1,588.6	30.9	286.4	1,905.9
	Unlisted	4,743.4	-2.4	64.4	4,805.3
Insurance technical reserves
	Reserves of pension funds and life	2,472.6	21.9	142.3	2,636.9
	General insurance payments	131.3	-1.0	-	130.3

Flow of funds diagrams

Demand for credit

Demand for credit was a record $138.0b in the June quarter, of which:

general government borrowed $135.4b
households borrowed $13.1b
other private non-financial corporations paid back $20.9b

Credit market outstanding grew $315.8b (4.3%) due to the strong demand for credit and $177.8b in revaluation gains. The stock market drove $214.8b of revaluation gains in shares and other equity of private non-financial corporations.

General government's demand for credit was the highest on record, as significant amounts of funds were raised to finance COVID-19 policies. The funds were acquired through:

$72.2b in net bond issuances by national general government
$28.5b in loan borrowings by state and local general government

Households' took advantage of record low interest rates to refinance mortgages to larger loan amounts. Demand for short term borrowing was impacted by COVID-19 restriction measures and a continuation of households paying off credit card debt. This translated to:

$18.7b of long term loan borrowings
$5.4b repayment of short term loans

Overall, other private non-financial corporations did not require credit during the quarter as they repaid lines of credit that had been drawn upon in the March quarter. Some businesses showed a preference for sourcing funds through equity raisings during the quarter. These are reflected as:

$36.5b repayment of loans and placements
$20.2b raised through shares and other equity

Demand for credit by sector
	Other private non-financial corporations ($b)	Households ($b)	General government ($b)
Jun-07	36.6	53.1	2.2
Sep-07	32.4	18.7	4.2
Dec-07	37.4	33.0	-2.1
Mar-08	49.8	21.5	1.1
Jun-08	24.2	34.3	10.8
Sep-08	55.1	11.7	-0.5
Dec-08	33.4	10.0	7.4
Mar-09	12.1	10.7	14.3
Jun-09	3.3	27.1	27.4
Sep-09	23.6	26.0	17.3
Dec-09	13.0	22.8	13.6
Mar-10	3.3	17.2	19.8
Jun-10	-1.6	29.3	20.9
Sep-10	12.8	17.1	17.8
Dec-10	20.8	23.2	11.9
Mar-11	-2.6	21.6	16.9
Jun-11	-4.6	27.2	19.5
Sep-11	18.9	7.2	25.9
Dec-11	-4.0	16.3	22.3
Mar-12	31.5	11.5	18.2
Jun-12	17.1	22.6	13.4
Sep-12	19.1	1.9	23.4
Dec-12	-0.3	14.2	16.7
Mar-13	23.1	11.5	8.1
Jun-13	34.1	26.9	-5.5
Sep-13	21.3	4.2	27.3
Dec-13	59.2	31.1	21.0
Mar-14	12.1	19.1	18.4
Jun-14	33.5	34.2	10.3
Sep-14	35.2	20.1	22.0
Dec-14	30.3	26.2	12.7
Mar-15	44.4	24.9	17.1
Jun-15	27.7	39.6	2.1
Sep-15	36.4	10.1	36.1
Dec-15	38.9	24.0	0.7
Mar-16	29.9	24.9	24.1
Jun-16	11.4	34.2	0.6
Sep-16	20.8	28.6	27.3
Dec-16	72.0	29.0	14.3
Mar-17	8.6	21.6	20.4
Jun-17	40.7	41.1	16.9
Sep-17	31.7	18.2	4.4
Dec-17	51.2	28.2	15.6
Mar-18	39.4	19.6	6.2
Jun-18	11.3	27.9	8.9
Sep-18	66.0	13.5	3.8
Dec-18	29.2	20.5	6.5
Mar-19	41.9	10.3	1.6
Jun-19	36.0	16.9	15.1
Sep-19	12.8	-6.0	27.3
Dec-19	20.8	19.8	13.1
Mar-20	55.6	1.7	38.6
Jun-20	-20.9	13.1	135.4

Demand for credit by sector

["","Other private non-financial corporations","Households","General government"]

[["Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[36.600000000000001],[32.399999999999999],[37.399999999999999],[49.799999999999997],[24.199999999999999],[55.100000000000001],[33.399999999999999],[12.1],[3.2999999999999998],[23.600000000000001],[13],[3.2999999999999998],[-1.6000000000000001],[12.800000000000001],[20.800000000000001],[-2.6000000000000001],[-4.5999999999999996],[18.899999999999999],[-4],[31.5],[17.100000000000001],[19.100000000000001],[-0.29999999999999999],[23.100000000000001],[34.100000000000001],[21.300000000000001],[59.200000000000003],[12.1],[33.5],[35.200000000000003],[30.300000000000001],[44.399999999999999],[27.699999999999999],[36.399999999999999],[38.899999999999999],[29.899999999999999],[11.4],[20.800000000000001],[72],[8.5999999999999996],[40.700000000000003],[31.699999999999999],[51.200000000000003],[39.399999999999999],[11.300000000000001],[66],[29.199999999999999],[41.899999999999999],[36],[12.800000000000001],[20.800000000000001],[55.600000000000001],[-20.899999999999999]],[[53.100000000000001],[18.699999999999999],[33],[21.5],[34.299999999999997],[11.699999999999999],[10],[10.699999999999999],[27.100000000000001],[26],[22.800000000000001],[17.199999999999999],[29.300000000000001],[17.100000000000001],[23.199999999999999],[21.600000000000001],[27.199999999999999],[7.2000000000000002],[16.300000000000001],[11.5],[22.600000000000001],[1.8999999999999999],[14.199999999999999],[11.5],[26.899999999999999],[4.2000000000000002],[31.100000000000001],[19.100000000000001],[34.200000000000003],[20.100000000000001],[26.199999999999999],[24.899999999999999],[39.600000000000001],[10.1],[24],[24.899999999999999],[34.200000000000003],[28.600000000000001],[29],[21.600000000000001],[41.100000000000001],[18.199999999999999],[28.199999999999999],[19.600000000000001],[27.899999999999999],[13.5],[20.5],[10.300000000000001],[16.899999999999999],[-6],[19.800000000000001],[1.7],[13.1]],[[2.2000000000000002],[4.2000000000000002],[-2.1000000000000001],[1.1000000000000001],[10.800000000000001],[-0.5],[7.4000000000000004],[14.300000000000001],[27.399999999999999],[17.300000000000001],[13.6],[19.800000000000001],[20.899999999999999],[17.800000000000001],[11.9],[16.899999999999999],[19.5],[25.899999999999999],[22.300000000000001],[18.199999999999999],[13.4],[23.399999999999999],[16.699999999999999],[8.0999999999999996],[-5.5],[27.300000000000001],[21],[18.399999999999999],[10.300000000000001],[22],[12.699999999999999],[17.100000000000001],[2.1000000000000001],[36.100000000000001],[0.69999999999999996],[24.100000000000001],[0.59999999999999998],[27.300000000000001],[14.300000000000001],[20.399999999999999],[16.899999999999999],[4.4000000000000004],[15.6],[6.2000000000000002],[8.9000000000000004],[3.7999999999999998],[6.5],[1.6000000000000001],[15.1],[27.300000000000001],[13.1],[38.600000000000001],[135.40000000000001]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"","axis_min":"-25","axis_max":"150","axis_title":"$b","precision":"1","table_units":"($b)","tooltip_units":"(b)","axis_units":"","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

Demand for credit table

Demand for credit non-financial domestic sectors, $b
		Credit market outstandings, Mar-20	Demand for credit, Jun-20	Other changes, Jun-20	Credit market outstandings, Jun-20
Non-financial corporations
	Investment funds	401.2	8.8	17.7	427.6
	Other private	3,513.5	-20.9	175.8	3,668.4
	Public	142.0	1.6	-	143.7
General government
	National	691.4	106.1	-7.9	789.7
	State and local	201.8	29.2	0.1	231.2
Households	2,399.5	13.1	-7.9	2,404.8
Total	7,349.4	138.0	177.8	7,665.2

Households

Household wealth rose $165.1b (1.5%) to $11,131.8b in the June quarter.

Average household wealth increased $5,881 (1.4%) to $433,833 per person.

The growth was driven by financial assets up $253.9b (4.6%), largely in superannuation, direct equity holdings and deposits.

Improving financial market conditions drove gains in superannuation and direct equity holdings, partly recouping losses experienced in the March quarter. In June quarter there was a:

$160.3b rise in superannuation reserves
$31.2b rise in shares and other equity

COVID-19 related policies and impacts, including government income support packages such as JobKeeper and early access to superannuation and reduced household consumption contributed to a:

$33.4b rise in deposits
$5.4b reduction of short term debt

Credit cards and personal loans were the biggest contributors to the reduction in short term debt. As well as the COVID-19 impact for the June quarter, this is also a continued trend of households reducing use of credit cards in favour of alternative ways to finance consumption.

The largest offsets to household wealth related to housing. In the June quarter there was a:

$83.8b fall in land and dwellings
$14.3b rise in housing loans

The increase in household loan balances was driven by:

households taking advantage of record low interest rates to refinance mortgages to larger loan amounts
interest accruing on deferred loan repayments as part of COVID-19 relief packages

The fall in land and dwellings reflected widespread falls in property prices due to a combination of social distancing measures (restrictions on auctions and open house inspections) and ongoing economic uncertainty.

For further analysis, see - Insights into household wealth during COVID-19

Household wealth
	Net worth ($b)	Land and dwellings ($b)	Superannuation ($b)	Other financial assets ($b)	Liabilities ($b)
Jun-07	0.0	0.0	0.0	0.0	0.0
Sep-07	233.3	162.6	48.6	34.7	-18.2
Dec-07	96.2	105.3	5.2	10.8	-33.2
Mar-08	-157.0	-14.4	-75.8	-45.0	-26.9
Jun-08	-79.6	-50.5	-1.9	5.6	-35.3
Sep-08	-118.0	-64.3	-48.1	10.7	-18.1
Dec-08	-312.8	-215.4	-92.7	3.5	-12.3
Mar-09	-16.9	16.1	-18.6	-5.1	-12.4
Jun-09	279.1	155.8	120.5	27.9	-27.4
Sep-09	362.0	223.0	112.2	60.7	-36.5
Dec-09	341.3	295.0	46.6	13.3	-19.6
Mar-10	219.4	195.0	23.9	15.1	-19.9
Jun-10	-116.9	-28.7	-41.5	-17.1	-33.0
Sep-10	87.4	17.3	42.8	42.0	-17.6
Dec-10	69.6	22.7	48.8	21.1	-27.8
Mar-11	-10.9	-15.4	29.1	-0.7	-26.6
Jun-11	-30.5	8.7	-0.7	-11.1	-28.4
Sep-11	-211.2	-130.2	-71.2	4.0	-13.9
Dec-11	7.7	-16.5	15.5	20.4	-14.2
Mar-12	102.4	26.6	65.2	25.0	-15.6
Jun-12	146.3	28.4	123.7	17.8	-24.2
Sep-12	64.0	-14.9	51.2	34.2	-7.7
Dec-12	182.7	105.9	58.5	26.2	-12.7
Mar-13	146.0	54.4	68.2	33.2	-13.7
Jun-13	1.7	78.6	-51.8	5.4	-34.4
Sep-13	208.8	83.3	85.8	47.0	-12.3
Dec-13	240.0	173.3	56.5	36.9	-35.8
Mar-14	133.8	76.5	41.9	27.7	-20.0
Jun-14	119.8	94.9	28.0	26.8	-36.9
Sep-14	151.4	82.5	51.9	35.3	-26.0
Dec-14	261.6	169.0	59.7	51.9	-30.0
Mar-15	261.2	124.9	104.8	55.7	-32.0
Jun-15	203.0	224.8	13.6	2.0	-43.4
Sep-15	131.2	129.8	-19.8	35.5	-18.7
Dec-15	145.2	46.9	71.0	43.8	-22.7
Mar-16	-17.7	9.8	-21.8	17.1	-25.9
Jun-16	279.5	137.4	149.1	33.9	-42.9
Sep-16	222.3	125.6	74.5	50.7	-30.8
Dec-16	327.5	257.7	48.2	48.5	-32.4
Mar-17	227.5	160.2	61.7	32.4	-30.2
Jun-17	148.5	170.0	14.6	4.1	-41.9
Sep-17	33.1	14.5	1.7	42.1	-26.8
Dec-17	284.5	168.2	97.4	46.0	-32.3
Mar-18	-11.2	17.4	-12.5	12.3	-31.0
Jun-18	88.7	-26.2	109.0	35.5	-31.4
Sep-18	34.9	-51.3	53.8	49.7	-19.1
Dec-18	-197.7	-60.9	-110.1	-6.2	-25.8
Mar-19	63.1	-118.8	143.3	53.0	-17.0
Jun-19	307.2	70.7	219.4	43.5	-27.7
Sep-19	348.7	229.9	62.9	56.4	-1.8
Dec-19	291.9	224.2	55.0	29.7	-22.0
Mar-20	-286.9	72.4	-273.6	-68.8	-19.6
Jun-20	165.1	-83.8	160.3	93.6	-5.6

Household wealth

["","Net worth","Land and dwellings","Superannuation","Other financial assets","Liabilities"]

[["Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[0],[233.30000000000001],[96.200000000000003],[-157],[-79.599999999999994],[-118],[-312.80000000000001],[-16.899999999999999],[279.10000000000002],[362],[341.30000000000001],[219.40000000000001],[-116.90000000000001],[87.400000000000006],[69.599999999999994],[-10.9],[-30.5],[-211.19999999999999],[7.7000000000000002],[102.40000000000001],[146.30000000000001],[64],[182.69999999999999],[146],[1.7],[208.80000000000001],[240],[133.80000000000001],[119.8],[151.40000000000001],[261.60000000000002],[261.19999999999999],[203],[131.19999999999999],[145.19999999999999],[-17.699999999999999],[279.5],[222.30000000000001],[327.5],[227.5],[148.5],[33.100000000000001],[284.5],[-11.199999999999999],[88.700000000000003],[34.899999999999999],[-197.69999999999999],[63.100000000000001],[307.19999999999999],[348.69999999999999],[291.89999999999998],[-286.89999999999998],[165.09999999999999]],[[0],[162.59999999999999],[105.3],[-14.4],[-50.5],[-64.299999999999997],[-215.40000000000001],[16.100000000000001],[155.80000000000001],[223],[295],[195],[-28.699999999999999],[17.300000000000001],[22.699999999999999],[-15.4],[8.6999999999999993],[-130.19999999999999],[-16.5],[26.600000000000001],[28.399999999999999],[-14.9],[105.90000000000001],[54.399999999999999],[78.599999999999994],[83.299999999999997],[173.30000000000001],[76.5],[94.900000000000006],[82.5],[169],[124.90000000000001],[224.80000000000001],[129.80000000000001],[46.899999999999999],[9.8000000000000007],[137.40000000000001],[125.59999999999999],[257.69999999999999],[160.19999999999999],[170],[14.5],[168.19999999999999],[17.399999999999999],[-26.199999999999999],[-51.299999999999997],[-60.899999999999999],[-118.8],[70.700000000000003],[229.90000000000001],[224.19999999999999],[72.400000000000006],[-83.799999999999997]],[[0],[48.600000000000001],[5.2000000000000002],[-75.799999999999997],[-1.8999999999999999],[-48.100000000000001],[-92.700000000000003],[-18.600000000000001],[120.5],[112.2],[46.600000000000001],[23.899999999999999],[-41.5],[42.799999999999997],[48.799999999999997],[29.100000000000001],[-0.69999999999999996],[-71.200000000000003],[15.5],[65.200000000000003],[123.7],[51.200000000000003],[58.5],[68.200000000000003],[-51.799999999999997],[85.799999999999997],[56.5],[41.899999999999999],[28],[51.899999999999999],[59.700000000000003],[104.8],[13.6],[-19.800000000000001],[71],[-21.800000000000001],[149.09999999999999],[74.5],[48.200000000000003],[61.700000000000003],[14.6],[1.7],[97.400000000000006],[-12.5],[109],[53.799999999999997],[-110.09999999999999],[143.30000000000001],[219.40000000000001],[62.899999999999999],[55],[-273.60000000000002],[160.30000000000001]],[[0],[34.700000000000003],[10.800000000000001],[-45],[5.5999999999999996],[10.699999999999999],[3.5],[-5.0999999999999996],[27.899999999999999],[60.700000000000003],[13.300000000000001],[15.1],[-17.100000000000001],[42],[21.100000000000001],[-0.69999999999999996],[-11.1],[4],[20.399999999999999],[25],[17.800000000000001],[34.200000000000003],[26.199999999999999],[33.200000000000003],[5.4000000000000004],[47],[36.899999999999999],[27.699999999999999],[26.800000000000001],[35.299999999999997],[51.899999999999999],[55.700000000000003],[2],[35.5],[43.799999999999997],[17.100000000000001],[33.899999999999999],[50.700000000000003],[48.5],[32.399999999999999],[4.0999999999999996],[42.100000000000001],[46],[12.300000000000001],[35.5],[49.700000000000003],[-6.2000000000000002],[53],[43.5],[56.399999999999999],[29.699999999999999],[-68.799999999999997],[93.599999999999994]],[[0],[-18.199999999999999],[-33.200000000000003],[-26.899999999999999],[-35.299999999999997],[-18.100000000000001],[-12.300000000000001],[-12.4],[-27.399999999999999],[-36.5],[-19.600000000000001],[-19.899999999999999],[-33],[-17.600000000000001],[-27.800000000000001],[-26.600000000000001],[-28.399999999999999],[-13.9],[-14.199999999999999],[-15.6],[-24.199999999999999],[-7.7000000000000002],[-12.699999999999999],[-13.699999999999999],[-34.399999999999999],[-12.300000000000001],[-35.799999999999997],[-20],[-36.899999999999999],[-26],[-30],[-32],[-43.399999999999999],[-18.699999999999999],[-22.699999999999999],[-25.899999999999999],[-42.899999999999999],[-30.800000000000001],[-32.399999999999999],[-30.199999999999999],[-41.899999999999999],[-26.800000000000001],[-32.299999999999997],[-31],[-31.399999999999999],[-19.100000000000001],[-25.800000000000001],[-17],[-27.699999999999999],[-1.8],[-22],[-19.600000000000001],[-5.5999999999999996]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"100","axis_min":"-400","axis_max":"400","axis_title":"$b","precision":"1","table_units":"($b)","tooltip_units":"(b)","axis_units":"","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

Household balance sheet

Household balance sheet, $b
		Amounts outstanding, Mar-20	Transactions, Jun-20	Other changes (a), Jun-20	Holding gains/losses, Jun-20	Amounts outstanding, Jun-20
Non-financial assets
	Land and dwellings	7,318.0	6.3	8.4	-98.5	7,234.2
	Other non-financial assets	673.6	-2.6	-	3.2	674.2
Financial assets
	Superannuation reserves	2,968.9	22.2	-	138.1	3,129.2
	Shares and other equity	1,027.1	2.2	-	29.0	1,058.3
	Currency and deposits	1,193.0	37.0	-	-2.1	1,227.8
	Other financial assets	298.0	14.6	-	12.9	325.5
Liabilities
	Loans	2,393.0	13.3	-	-7.9	2,398.4
	Other liabilities	118.9	0.2	-	-	119.0
Wealth (net worth)	10,966.7	66.2	8.4	90.5	11,131.8
Memorandum item
	Consumer durables (b)	414.5	3.4	-	-	418.3

Household financial assets

Household selected financial assets, $b
		Transactions, Dec-19	Amounts outstanding, Dec-19	Transactions, Mar-20	Amounts outstanding, Mar-20	Transactions, Jun-20	Amounts outstanding, Jun-20
Total assets	41.9	5,829.3	23.2	5,487.0	76.0	5,740.8
Deposits	11.8	1,136.2	13.6	1,153.4	33.4	1,184.7
Shares and equity	4.2	1,089.6	-5.0	1,027.1	2.2	1,058.3
Net equity in reserves	20.0	2,782.8	8.5	2,477.9	21.9	2,642.0
	Pension funds	19.3	2,648.2	15.2	2,369.0	18.4	2,516.7
Other assets	6.0	820.7	6.1	828.5	18.4	855.9

Household liabilities

Household selected liabilities, $b
		Transactions, Dec-19	Amounts outstanding, Dec-19	Transactions, Mar-20	Amounts outstanding, Mar-20	Transactions, Jun-20	Amounts outstanding, Jun-20
Total liabilities	20.8	2,492.3	5.2	2,511.9	13.4	2,517.5
Short term loans	0.1	78.4	-5.7	72.8	-5.4	67.3
Long term loans	19.8	2,298.1	7.9	2,320.3	18.7	2,331.1
Other liabilities	0.9	115.9	3.0	118.9	0.2	119.0

Private non-financial corporations

Private non-financial corporations decreased their liabilities by $11.2b, driven by:

$35.7b repayment of loans
$1.7b net maturity of debt securities
offset by $26.2b equity raising

Private non-financial corporations' demand for credit
	Total liabilities ($b)	Short-term debt securities ($b)	Bonds ($b)	Loans ($b)	Equities ($b)
Jun-07	50.8	1.0	-3.4	17.8	26.9
Sep-07	41.3	1.5	4.4	36.2	-0.8
Dec-07	49.9	4.0	-3.0	24.3	11.6
Mar-08	52.3	4.2	2.4	20.9	23.6
Jun-08	31.7	1.4	7.4	6.0	8.9
Sep-08	67.9	2.2	-0.1	31.8	23.8
Dec-08	37.3	-3.3	10.2	15.4	12.4
Mar-09	3.1	0.8	11.9	-21.8	21.0
Jun-09	-12.4	-2.2	9.3	-30.0	27.8
Sep-09	35.5	-0.3	1.9	-11.5	35.3
Dec-09	13.2	-4.1	5.9	-7.2	17.8
Mar-10	0.9	-2.1	2.9	-9.7	8.9
Jun-10	6.3	-2.9	1.6	-7.6	10.4
Sep-10	18.9	-0.4	8.8	-5.8	13.0
Dec-10	22.7	-6.6	1.8	-10.2	35.8
Mar-11	-2.5	-2.7	6.1	6.1	-8.9
Jun-11	-10.0	-3.5	4.0	-6.6	-1.1
Sep-11	18.7	8.2	-1.3	16.6	-6.2
Dec-11	6.8	-3.8	11.0	-1.0	-5.3
Mar-12	31.5	0.3	9.9	7.0	16.2
Jun-12	21.3	-2.8	1.6	13.5	4.6
Sep-12	22.8	-3.4	10.2	-2.5	16.5
Dec-12	2.4	-5.3	11.3	1.8	-4.5
Mar-13	24.1	-1.5	5.1	11.4	12.5
Jun-13	33.2	-3.4	1.5	17.5	20.4
Sep-13	20.1	1.6	7.4	0.5	10.7
Dec-13	67.0	-7.7	8.7	16.1	47.7
Mar-14	15.3	-3.9	0.1	3.7	16.6
Jun-14	29.0	-3.0	-2.3	19.5	22.9
Sep-14	42.7	-2.6	8.7	8.6	20.4
Dec-14	26.9	-1.8	-5.5	8.8	26.4
Mar-15	46.6	-3.6	8.6	25.3	19.4
Jun-15	38.4	-1.7	12.2	-1.0	28.0
Sep-15	43.7	-2.0	-4.9	29.6	16.3
Dec-15	40.4	-2.1	8.5	13.7	23.2
Mar-16	31.8	-2.5	6.8	16.5	13.0
Jun-16	13.4	-3.2	-5.6	2.3	18.1
Sep-16	32.0	-2.2	-4.4	10.6	23.8
Dec-16	76.5	-2.5	3.9	12.9	60.6
Mar-17	21.0	-0.3	-9.9	3.6	19.3
Jun-17	47.4	-1.5	8.3	7.0	31.9
Sep-17	48.7	-3.9	-0.6	9.0	33.4
Dec-17	53.5	-1.1	-5.4	8.3	51.1
Mar-18	49.2	-0.5	3.8	16.0	24.2
Jun-18	13.4	-2.8	2.5	-6.0	18.5
Sep-18	80.2	-3.3	2.3	33.3	42.5
Dec-18	32.5	-2.8	-1.5	7.0	29.1
Mar-19	45.5	-2.6	8.6	20.9	19.6
Jun-19	38.8	-4.4	7.6	4.9	28.4
Sep-19	33.4	-1.2	-1.4	10.4	10.4
Dec-19	22.9	-2.8	0.9	2.5	24.6
Mar-20	56.1	1.3	-7.8	49.8	7.8
Jun-20	-11.2	-3.2	1.4	-35.7	26.2

Private non-financial corporations' demand for credit

["","Total liabilities","Short-term debt securities","Bonds","Loans","Equities"]

[["Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[50.799999999999997],[41.299999999999997],[49.899999999999999],[52.299999999999997],[31.699999999999999],[67.900000000000006],[37.299999999999997],[3.1000000000000001],[-12.4],[35.5],[13.199999999999999],[0.90000000000000002],[6.2999999999999998],[18.899999999999999],[22.699999999999999],[-2.5],[-10],[18.699999999999999],[6.7999999999999998],[31.5],[21.300000000000001],[22.800000000000001],[2.3999999999999999],[24.100000000000001],[33.200000000000003],[20.100000000000001],[67],[15.300000000000001],[29],[42.700000000000003],[26.899999999999999],[46.600000000000001],[38.399999999999999],[43.700000000000003],[40.399999999999999],[31.800000000000001],[13.4],[32],[76.5],[21],[47.399999999999999],[48.700000000000003],[53.5],[49.200000000000003],[13.4],[80.200000000000003],[32.5],[45.5],[38.799999999999997],[33.399999999999999],[22.899999999999999],[56.100000000000001],[-11.199999999999999]],[[1],[1.5],[4],[4.2000000000000002],[1.3999999999999999],[2.2000000000000002],[-3.2999999999999998],[0.80000000000000004],[-2.2000000000000002],[-0.29999999999999999],[-4.0999999999999996],[-2.1000000000000001],[-2.8999999999999999],[-0.40000000000000002],[-6.5999999999999996],[-2.7000000000000002],[-3.5],[8.1999999999999993],[-3.7999999999999998],[0.29999999999999999],[-2.7999999999999998],[-3.3999999999999999],[-5.2999999999999998],[-1.5],[-3.3999999999999999],[1.6000000000000001],[-7.7000000000000002],[-3.8999999999999999],[-3],[-2.6000000000000001],[-1.8],[-3.6000000000000001],[-1.7],[-2],[-2.1000000000000001],[-2.5],[-3.2000000000000002],[-2.2000000000000002],[-2.5],[-0.29999999999999999],[-1.5],[-3.8999999999999999],[-1.1000000000000001],[-0.5],[-2.7999999999999998],[-3.2999999999999998],[-2.7999999999999998],[-2.6000000000000001],[-4.4000000000000004],[-1.2],[-2.7999999999999998],[1.3],[-3.2000000000000002]],[[-3.3999999999999999],[4.4000000000000004],[-3],[2.3999999999999999],[7.4000000000000004],[-0.10000000000000001],[10.199999999999999],[11.9],[9.3000000000000007],[1.8999999999999999],[5.9000000000000004],[2.8999999999999999],[1.6000000000000001],[8.8000000000000007],[1.8],[6.0999999999999996],[4],[-1.3],[11],[9.9000000000000004],[1.6000000000000001],[10.199999999999999],[11.300000000000001],[5.0999999999999996],[1.5],[7.4000000000000004],[8.6999999999999993],[0.10000000000000001],[-2.2999999999999998],[8.6999999999999993],[-5.5],[8.5999999999999996],[12.199999999999999],[-4.9000000000000004],[8.5],[6.7999999999999998],[-5.5999999999999996],[-4.4000000000000004],[3.8999999999999999],[-9.9000000000000004],[8.3000000000000007],[-0.59999999999999998],[-5.4000000000000004],[3.7999999999999998],[2.5],[2.2999999999999998],[-1.5],[8.5999999999999996],[7.5999999999999996],[-1.3999999999999999],[0.90000000000000002],[-7.7999999999999998],[1.3999999999999999]],[[17.800000000000001],[36.200000000000003],[24.300000000000001],[20.899999999999999],[6],[31.800000000000001],[15.4],[-21.800000000000001],[-30],[-11.5],[-7.2000000000000002],[-9.6999999999999993],[-7.5999999999999996],[-5.7999999999999998],[-10.199999999999999],[6.0999999999999996],[-6.5999999999999996],[16.600000000000001],[-1],[7],[13.5],[-2.5],[1.8],[11.4],[17.5],[0.5],[16.100000000000001],[3.7000000000000002],[19.5],[8.5999999999999996],[8.8000000000000007],[25.300000000000001],[-1],[29.600000000000001],[13.699999999999999],[16.5],[2.2999999999999998],[10.6],[12.9],[3.6000000000000001],[7],[9],[8.3000000000000007],[16],[-6],[33.299999999999997],[7],[20.899999999999999],[4.9000000000000004],[10.4],[2.5],[49.799999999999997],[-35.700000000000003]],[[26.899999999999999],[-0.80000000000000004],[11.6],[23.600000000000001],[8.9000000000000004],[23.800000000000001],[12.4],[21],[27.800000000000001],[35.299999999999997],[17.800000000000001],[8.9000000000000004],[10.4],[13],[35.799999999999997],[-8.9000000000000004],[-1.1000000000000001],[-6.2000000000000002],[-5.2999999999999998],[16.199999999999999],[4.5999999999999996],[16.5],[-4.5],[12.5],[20.399999999999999],[10.699999999999999],[47.700000000000003],[16.600000000000001],[22.899999999999999],[20.399999999999999],[26.399999999999999],[19.399999999999999],[28],[16.300000000000001],[23.199999999999999],[13],[18.100000000000001],[23.800000000000001],[60.600000000000001],[19.300000000000001],[31.899999999999999],[33.399999999999999],[51.100000000000001],[24.199999999999999],[18.5],[42.5],[29.100000000000001],[19.600000000000001],[28.399999999999999],[10.4],[24.600000000000001],[7.7999999999999998],[26.199999999999999]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"","axis_min":"-50","axis_max":"100","axis_title":"$b","precision":"1","table_units":"($b)","tooltip_units":"(b)","axis_units":"","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

Following record borrowings in the March quarter, private non-financial corporations this quarter took advantage of the temporary emergency capital raising measures implemented by the ASX, which resulted in:

debt to equity ratio falling from 0.70 to 0.67, adjusted for price changes (June 2000 base)

Private non-financial corporations' debt to equity ratio
	Debt to equity ratio	Debt to equity ratio, adjusted for price changes, June 2000 base
Jun-00	0.58	0.58
Sep-00	0.58	0.59
Dec-00	0.65	0.62
Mar-01	0.68	0.65
Jun-01	0.61	0.62
Sep-01	0.66	0.62
Dec-01	0.58	0.58
Mar-02	0.56	0.57
Jun-02	0.60	0.57
Sep-02	0.61	0.57
Dec-02	0.59	0.58
Mar-03	0.59	0.56
Jun-03	0.57	0.56
Sep-03	0.53	0.56
Dec-03	0.51	0.55
Mar-04	0.50	0.54
Jun-04	0.49	0.55
Sep-04	0.48	0.56
Dec-04	0.48	0.59
Mar-05	0.47	0.59
Jun-05	0.52	0.67
Sep-05	0.50	0.68
Dec-05	0.50	0.70
Mar-06	0.50	0.71
Jun-06	0.51	0.73
Sep-06	0.52	0.73
Dec-06	0.51	0.76
Mar-07	0.50	0.78
Jun-07	0.49	0.78
Sep-07	0.51	0.82
Dec-07	0.54	0.85
Mar-08	0.59	0.86
Jun-08	0.59	0.88
Sep-08	0.69	0.90
Dec-08	0.81	0.91
Mar-09	0.79	0.88
Jun-09	0.69	0.82
Sep-09	0.63	0.79
Dec-09	0.60	0.78
Mar-10	0.60	0.76
Jun-10	0.63	0.75
Sep-10	0.60	0.75
Dec-10	0.55	0.72
Mar-11	0.55	0.73
Jun-11	0.56	0.72
Sep-11	0.63	0.75
Dec-11	0.63	0.76
Mar-12	0.61	0.76
Jun-12	0.65	0.77
Sep-12	0.64	0.77
Dec-12	0.61	0.78
Mar-13	0.61	0.78
Jun-13	0.64	0.78
Sep-13	0.62	0.78
Dec-13	0.63	0.76
Mar-14	0.62	0.75
Jun-14	0.61	0.74
Sep-14	0.63	0.75
Dec-14	0.62	0.74
Mar-15	0.62	0.75
Jun-15	0.63	0.74
Sep-15	0.66	0.75
Dec-15	0.65	0.75
Mar-16	0.64	0.75
Jun-16	0.62	0.74
Sep-16	0.59	0.74
Dec-16	0.58	0.72
Mar-17	0.57	0.71
Jun-17	0.57	0.71
Sep-17	0.56	0.70
Dec-17	0.53	0.68
Mar-18	0.54	0.69
Jun-18	0.52	0.68
Sep-18	0.52	0.68
Dec-18	0.55	0.67
Mar-19	0.52	0.68
Jun-19	0.51	0.68
Sep-19	0.52	0.68
Dec-19	0.50	0.67
Mar-20	0.62	0.70
Jun-20	0.54	0.67

Private non-financial corporations' debt to equity ratio

["","Debt to equity ratio","Debt to equity ratio, adjusted for price changes, June 2000 base"]

[["Jun-00","Sep-00","Dec-00","Mar-01","Jun-01","Sep-01","Dec-01","Mar-02","Jun-02","Sep-02","Dec-02","Mar-03","Jun-03","Sep-03","Dec-03","Mar-04","Jun-04","Sep-04","Dec-04","Mar-05","Jun-05","Sep-05","Dec-05","Mar-06","Jun-06","Sep-06","Dec-06","Mar-07","Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[0.57999999999999996],[0.57999999999999996],[0.65000000000000002],[0.68000000000000005],[0.60999999999999999],[0.66000000000000003],[0.57999999999999996],[0.56000000000000005],[0.59999999999999998],[0.60999999999999999],[0.58999999999999997],[0.58999999999999997],[0.56999999999999995],[0.53000000000000003],[0.51000000000000001],[0.5],[0.48999999999999999],[0.47999999999999998],[0.47999999999999998],[0.46999999999999997],[0.52000000000000002],[0.5],[0.5],[0.5],[0.51000000000000001],[0.52000000000000002],[0.51000000000000001],[0.5],[0.48999999999999999],[0.51000000000000001],[0.54000000000000004],[0.58999999999999997],[0.58999999999999997],[0.68999999999999995],[0.81000000000000005],[0.79000000000000004],[0.68999999999999995],[0.63],[0.59999999999999998],[0.59999999999999998],[0.63],[0.59999999999999998],[0.55000000000000004],[0.55000000000000004],[0.56000000000000005],[0.63],[0.63],[0.60999999999999999],[0.65000000000000002],[0.64000000000000001],[0.60999999999999999],[0.60999999999999999],[0.64000000000000001],[0.62],[0.63],[0.62],[0.60999999999999999],[0.63],[0.62],[0.62],[0.63],[0.66000000000000003],[0.65000000000000002],[0.64000000000000001],[0.62],[0.58999999999999997],[0.57999999999999996],[0.56999999999999995],[0.56999999999999995],[0.56000000000000005],[0.53000000000000003],[0.54000000000000004],[0.52000000000000002],[0.52000000000000002],[0.55000000000000004],[0.52000000000000002],[0.51000000000000001],[0.52000000000000002],[0.5],[0.62],[0.54000000000000004]],[[0.57999999999999996],[0.58999999999999997],[0.62],[0.65000000000000002],[0.62],[0.62],[0.57999999999999996],[0.56999999999999995],[0.56999999999999995],[0.56999999999999995],[0.57999999999999996],[0.56000000000000005],[0.56000000000000005],[0.56000000000000005],[0.55000000000000004],[0.54000000000000004],[0.55000000000000004],[0.56000000000000005],[0.58999999999999997],[0.58999999999999997],[0.67000000000000004],[0.68000000000000005],[0.69999999999999996],[0.70999999999999996],[0.72999999999999998],[0.72999999999999998],[0.76000000000000001],[0.78000000000000003],[0.78000000000000003],[0.81999999999999995],[0.84999999999999998],[0.85999999999999999],[0.88],[0.90000000000000002],[0.91000000000000003],[0.88],[0.81999999999999995],[0.79000000000000004],[0.78000000000000003],[0.76000000000000001],[0.75],[0.75],[0.71999999999999997],[0.72999999999999998],[0.71999999999999997],[0.75],[0.76000000000000001],[0.76000000000000001],[0.77000000000000002],[0.77000000000000002],[0.78000000000000003],[0.78000000000000003],[0.78000000000000003],[0.78000000000000003],[0.76000000000000001],[0.75],[0.73999999999999999],[0.75],[0.73999999999999999],[0.75],[0.73999999999999999],[0.75],[0.75],[0.75],[0.73999999999999999],[0.73999999999999999],[0.71999999999999997],[0.70999999999999996],[0.70999999999999996],[0.69999999999999996],[0.68000000000000005],[0.68999999999999995],[0.68000000000000005],[0.68000000000000005],[0.67000000000000004],[0.68000000000000005],[0.68000000000000005],[0.68000000000000005],[0.67000000000000004],[0.69999999999999996],[0.67000000000000004]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"","axis_min":"0.4","axis_max":"1.0","axis_title":"Ratio","precision":"2","table_units":"","tooltip_units":"","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Private non-financial corporations increased their deposit assets by $31.0b, with:

$27.4b deposited with authorised deposit taking institutions
$3.6b deposited with rest of world

Deposit accounts of private non-financial corporations continued to grow from last quarters record increase as businesses increased their liquidity positions through equity raising and receipt of government subsidy payments. This resulted in private non-financial corporations moving to a $48.9b net lending position.

Private non-financial corporations, transaction in selected items
	Change in financial position ($b)	Demand for credit ($b)	Deposit assets ($b)
Jun-07	-27.6	50.8	23.1
Sep-07	-39.1	41.3	-13.9
Dec-07	-29.4	49.9	7.1
Mar-08	-23.0	52.3	13.5
Jun-08	-2.5	31.7	35.9
Sep-08	-34.2	67.9	16.1
Dec-08	-19.3	37.3	20.9
Mar-09	-3.6	3.1	3.3
Jun-09	18.0	-12.4	-3.2
Sep-09	-31.7	35.5	-6.2
Dec-09	-7.9	13.2	-3.8
Mar-10	0.9	0.9	7.9
Jun-10	30.7	6.3	23.7
Sep-10	-2.4	18.9	16.0
Dec-10	-15.7	22.7	20.1
Mar-11	18.4	-2.5	6.1
Jun-11	8.6	-10.0	-5.1
Sep-11	2.6	18.7	7.4
Dec-11	3.4	6.8	1.8
Mar-12	-34.2	31.5	-8.4
Jun-12	2.2	21.3	-1.7
Sep-12	-1.5	22.8	13.2
Dec-12	4.3	2.4	1.9
Mar-13	-35.9	24.1	-5.4
Jun-13	-39.3	33.2	15.9
Sep-13	-12.9	20.1	7.7
Dec-13	-61.9	67.0	4.2
Mar-14	-23.1	15.3	-12.1
Jun-14	-19.7	29.0	15.8
Sep-14	-25.9	42.7	2.6
Dec-14	8.5	26.9	2.4
Mar-15	-14.3	46.6	9.3
Jun-15	-35.1	38.4	-0.2
Sep-15	-63.6	43.7	8.7
Dec-15	-54.8	40.4	5.1
Mar-16	-22.1	31.8	2.7
Jun-16	11.6	13.4	7.3
Sep-16	-7.5	32.0	9.7
Dec-16	-62.4	76.5	29.6
Mar-17	-20.6	21.0	1.3
Jun-17	5.0	47.4	24.4
Sep-17	-15.6	48.7	12.8
Dec-17	-27.3	53.5	13.5
Mar-18	-25.7	49.2	14.3
Jun-18	-5.2	13.4	0.5
Sep-18	-52.4	80.2	-8.5
Dec-18	-30.0	32.5	4.8
Mar-19	-20.9	45.5	2.7
Jun-19	9.5	38.8	5.2
Sep-19	-1.7	33.4	9.5
Dec-19	-15.8	22.9	-2.1
Mar-20	0.0	56.1	48.2
Jun-20	48.9	-11.2	31.0

Private non-financial corporations, transaction in selected items

["","Change in financial position","Demand for credit","Deposit assets"]

[["Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[-27.600000000000001],[-39.100000000000001],[-29.399999999999999],[-23],[-2.5],[-34.200000000000003],[-19.300000000000001],[-3.6000000000000001],[18],[-31.699999999999999],[-7.9000000000000004],[0.90000000000000002],[30.699999999999999],[-2.3999999999999999],[-15.699999999999999],[18.399999999999999],[8.5999999999999996],[2.6000000000000001],[3.3999999999999999],[-34.200000000000003],[2.2000000000000002],[-1.5],[4.2999999999999998],[-35.899999999999999],[-39.299999999999997],[-12.9],[-61.899999999999999],[-23.100000000000001],[-19.699999999999999],[-25.899999999999999],[8.5],[-14.300000000000001],[-35.100000000000001],[-63.600000000000001],[-54.799999999999997],[-22.100000000000001],[11.6],[-7.5],[-62.399999999999999],[-20.600000000000001],[5],[-15.6],[-27.300000000000001],[-25.699999999999999],[-5.2000000000000002],[-52.399999999999999],[-30],[-20.899999999999999],[9.5],[-1.7],[-15.800000000000001],[0],[48.899999999999999]],[[50.799999999999997],[41.299999999999997],[49.899999999999999],[52.299999999999997],[31.699999999999999],[67.900000000000006],[37.299999999999997],[3.1000000000000001],[-12.4],[35.5],[13.199999999999999],[0.90000000000000002],[6.2999999999999998],[18.899999999999999],[22.699999999999999],[-2.5],[-10],[18.699999999999999],[6.7999999999999998],[31.5],[21.300000000000001],[22.800000000000001],[2.3999999999999999],[24.100000000000001],[33.200000000000003],[20.100000000000001],[67],[15.300000000000001],[29],[42.700000000000003],[26.899999999999999],[46.600000000000001],[38.399999999999999],[43.700000000000003],[40.399999999999999],[31.800000000000001],[13.4],[32],[76.5],[21],[47.399999999999999],[48.700000000000003],[53.5],[49.200000000000003],[13.4],[80.200000000000003],[32.5],[45.5],[38.799999999999997],[33.399999999999999],[22.899999999999999],[56.100000000000001],[-11.199999999999999]],[[23.100000000000001],[-13.9],[7.0999999999999996],[13.5],[35.899999999999999],[16.100000000000001],[20.899999999999999],[3.2999999999999998],[-3.2000000000000002],[-6.2000000000000002],[-3.7999999999999998],[7.9000000000000004],[23.699999999999999],[16],[20.100000000000001],[6.0999999999999996],[-5.0999999999999996],[7.4000000000000004],[1.8],[-8.4000000000000004],[-1.7],[13.199999999999999],[1.8999999999999999],[-5.4000000000000004],[15.9],[7.7000000000000002],[4.2000000000000002],[-12.1],[15.800000000000001],[2.6000000000000001],[2.3999999999999999],[9.3000000000000007],[-0.20000000000000001],[8.6999999999999993],[5.0999999999999996],[2.7000000000000002],[7.2999999999999998],[9.6999999999999993],[29.600000000000001],[1.3],[24.399999999999999],[12.800000000000001],[13.5],[14.300000000000001],[0.5],[-8.5],[4.7999999999999998],[2.7000000000000002],[5.2000000000000002],[9.5],[-2.1000000000000001],[48.200000000000003],[31]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"25","axis_min":"-75","axis_max":"125","axis_title":"$b","precision":"1","table_units":"($b)","tooltip_units":"(b)","axis_units":"","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

Private non-financial corporations' financial assets

Private non-financial corporations' selected financial assets, $b
	Transactions, Dec-19	Amounts outstanding, Dec-19	Transactions, Mar-20	Amounts outstanding, Mar-20	Transactions, Jun-20	Amounts outstanding, Jun-20
Total assets	7.1	1,563.8	56.1	1,620.6	37.7	1,633.2
Deposits	-2.1	582.8	48.2	636.0	31.0	665.8
Shares and equity	5.4	567.7	2.6	544.8	11.1	551.1
Other accounts receivable	-4.2	199.2	6.0	201.7	-4.3	189.7
Other assets	8.0	214.1	-0.8	238.1	-0.2	226.6

Private non-financial corporations' liabilities

Private non-financial corporations' selected liabilities, $b
		Transactions, Dec-19	Amounts outstanding, Dec-19	Transactions, Mar-20	Amounts outstanding, Mar-20	Transactions, Jun-20	Amounts outstanding, Jun-20
Total liabilities	22.9	4,391.7	56.1	4,101.2	-11.2	4,278.1
Total debt securities	-5.9	326.7	-6.6	355.3	-3.3	336.9
Loans	2.5	946.8	49.8	1,000.0	-35.7	956.2
	Pension funds	-0.2	5.8	0.9	6.7	0.0	6.7
	Non-money market investment funds	-0.1	11.0	0.3	11.3	-0.6	10.7
	Rest of world	-4.4	282.7	14.6	297.0	-16.9	271.8
Shares and equity	24.6	2,922.0	7.8	2,539.4	26.2	2,780.2
	Households	3.4	716.7	-0.1	685.5	3.1	704.4
	Rest of world	12.0	1,127.6	6.7	972.8	6.7	1,071.6
Other liabilities	1.6	196.3	5.2	206.5	1.4	204.8

Financial corporations

Financial corporations' assets and liabilities

Financial corporations' financial assets, $b
	Amounts outstanding, Mar-20	Transactions, Jun-20	Other changes, Jun-20	Amounts outstanding, Jun-20
Central bank	279.6	17.7	-8.4	288.9
Authorised deposit taking institutions	4,499.2	-120.0	-27.7	4,351.4
Other broad money institutions	213.7	-8.7	-2.6	202.4
Pension funds	2,240.2	10.4	119.9	2,370.4
Life insurance corporations	224.4	-52.7	5.9	177.6
Non-life insurance corporations	231.0	-1.0	6.4	236.4
Money market investment funds	45.3	1.7	-	47.1
Non-money market investment funds	926.0	-6.7	60.1	979.5
Central borrowing authorities	438.8	19.5	1.4	459.7
Securitisers	666.8	106.9	-	773.7
Other financial corporations	80.7	-1.8	10.2	89.2

Financial corporations' liabilities, $b
	Amounts outstanding, Mar-20	Transactions, Jun-20	Other changes, Jun-20	Amounts outstanding, Jun-20
Central bank	281.4	19.1	-6.5	293.9
Authorised deposit taking institutions	4,482.5	-120.1	20.6	4,383.0
Other broad money institutions	166.6	-5.9	11.6	172.2
Pension funds	2,437.1	9.7	118.3	2,565.1
Life insurance corporations	214.1	-53.0	6.8	167.9
Non-life insurance corporations	246.6	-2.3	0.8	245.1
Money market investment funds	45.3	1.2	0.5	47.1
Non-money market investment funds	1,070.8	-17.7	48.0	1,101.0
Central borrowing authorities	429.0	22.4	1.2	452.6
Securitisers	686.5	111.1	-6.6	791.0
Other financial corporations	179.3	-3.8	14.2	189.7

Authorised deposit-taking institutions (ADIs)

With increasing access to deposits and the RBA's term funding facility, ADIs share of funding acquired from debt securities declined during the quarter.
In the June quarter, ADIs' funding compared to the previous quarter comprised of:

58.4% from deposits, an increase from 56.0%
11.9% from bonds, a decrease from 12.6%
10.5% from shares and other equity, an increase from 9.1%
6.6% from short term debt securities, a decrease from 6.9%

ADIs funding from deposits grew $22.7b with a:

$28.3b increase from other private non-financial corporations
$33.4b increase from households
offset by a $34.9b decrease from rest of world

ADIs funding from short term debt securities and bonds fell $72.4b. ADIs allowed existing debt securities to mature without replacement, resulting in a net maturity of $44.2b, the largest in the time series. This was driven by maturities of:

$28.8b in bonds
$14.1b in one name paper
$1.2b in bills of exchange

Authorised deposit taking institutions' sources of funding
	Deposits (%)	Short-term debt securities (%)	Bonds (%)	Equities (%)
Jun-07	49.7	16.1	14.9	20.5
Sep-07	48.4	18.0	14.4	19.9
Dec-07	47.5	18.1	14.6	18.7
Mar-08	47.1	18.0	15.4	14.8
Jun-08	48.3	17.7	14.9	13.5
Sep-08	50.2	17.2	15.7	13.2
Dec-08	52.8	12.7	17.6	11.3
Mar-09	54.1	11.3	18.1	11.9
Jun-09	53.4	12.0	17.1	13.0
Sep-09	53.1	11.0	16.7	17.0
Dec-09	53.2	10.9	18.3	16.7
Mar-10	53.5	10.7	18.3	17.4
Jun-10	54.2	10.6	18.5	14.8
Sep-10	55.5	9.2	17.7	15.6
Dec-10	56.4	9.6	16.9	15.3
Mar-11	57.0	9.7	16.3	15.3
Jun-11	57.2	9.3	16.0	14.5
Sep-11	57.5	9.3	16.3	12.7
Dec-11	57.8	9.5	15.5	13.3
Mar-12	57.6	9.7	15.6	14.0
Jun-12	58.1	9.2	15.1	13.5
Sep-12	59.1	8.3	15.1	14.4
Dec-12	59.9	8.6	14.4	15.0
Mar-13	59.3	8.8	13.9	16.7
Jun-13	58.1	9.6	14.0	16.1
Sep-13	59.5	9.0	14.1	17.2
Dec-13	59.1	8.8	14.2	17.4
Mar-14	59.2	9.2	13.9	17.7
Jun-14	59.0	9.6	13.7	17.4
Sep-14	58.4	9.1	13.8	16.1
Dec-14	57.4	9.4	13.9	16.5
Mar-15	56.1	9.3	13.6	17.7
Jun-15	56.4	9.6	13.9	16.3
Sep-15	55.9	9.1	14.2	14.5
Dec-15	56.8	9.3	14.2	15.9
Mar-16	56.2	8.7	14.0	14.1
Jun-16	56.4	8.5	14.1	13.8
Sep-16	57.6	8.2	13.8	14.3
Dec-16	58.3	8.4	13.3	15.3
Mar-17	58.9	8.5	13.0	16.2
Jun-17	58.8	8.8	12.9	14.9
Sep-17	59.3	9.2	13.0	15.1
Dec-17	59.8	8.8	13.1	15.1
Mar-18	58.9	8.9	13.5	14.1
Jun-18	58.6	8.9	13.6	14.3
Sep-18	59.5	8.1	14.0	14.1
Dec-18	58.9	8.6	14.0	13.1
Mar-19	58.6	8.5	13.7	13.4
Jun-19	57.9	7.7	13.6	14.1
Sep-19	57.6	7.4	13.4	14.1
Dec-19	58.3	8.1	12.9	13.3
Mar-20	56.0	6.9	12.6	9.1
Jun-20	58.4	6.6	11.9	10.5

Authorised deposit taking institutions' sources of funding

["","Deposits","Short-term debt securities","Bonds","Equities"]

[["Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[49.700000000000003],[48.399999999999999],[47.5],[47.100000000000001],[48.299999999999997],[50.200000000000003],[52.799999999999997],[54.100000000000001],[53.399999999999999],[53.100000000000001],[53.200000000000003],[53.5],[54.200000000000003],[55.5],[56.399999999999999],[57],[57.200000000000003],[57.5],[57.799999999999997],[57.600000000000001],[58.100000000000001],[59.100000000000001],[59.899999999999999],[59.299999999999997],[58.100000000000001],[59.5],[59.100000000000001],[59.200000000000003],[59],[58.399999999999999],[57.399999999999999],[56.100000000000001],[56.399999999999999],[55.899999999999999],[56.799999999999997],[56.200000000000003],[56.399999999999999],[57.600000000000001],[58.299999999999997],[58.899999999999999],[58.799999999999997],[59.299999999999997],[59.799999999999997],[58.899999999999999],[58.600000000000001],[59.5],[58.899999999999999],[58.600000000000001],[57.899999999999999],[57.600000000000001],[58.299999999999997],[56],[58.399999999999999]],[[16.100000000000001],[18],[18.100000000000001],[18],[17.699999999999999],[17.199999999999999],[12.699999999999999],[11.300000000000001],[12],[11],[10.9],[10.699999999999999],[10.6],[9.1999999999999993],[9.5999999999999996],[9.6999999999999993],[9.3000000000000007],[9.3000000000000007],[9.5],[9.6999999999999993],[9.1999999999999993],[8.3000000000000007],[8.5999999999999996],[8.8000000000000007],[9.5999999999999996],[9],[8.8000000000000007],[9.1999999999999993],[9.5999999999999996],[9.0999999999999996],[9.4000000000000004],[9.3000000000000007],[9.5999999999999996],[9.0999999999999996],[9.3000000000000007],[8.6999999999999993],[8.5],[8.1999999999999993],[8.4000000000000004],[8.5],[8.8000000000000007],[9.1999999999999993],[8.8000000000000007],[8.9000000000000004],[8.9000000000000004],[8.0999999999999996],[8.5999999999999996],[8.5],[7.7000000000000002],[7.4000000000000004],[8.0999999999999996],[6.9000000000000004],[6.5999999999999996]],[[14.9],[14.4],[14.6],[15.4],[14.9],[15.699999999999999],[17.600000000000001],[18.100000000000001],[17.100000000000001],[16.699999999999999],[18.300000000000001],[18.300000000000001],[18.5],[17.699999999999999],[16.899999999999999],[16.300000000000001],[16],[16.300000000000001],[15.5],[15.6],[15.1],[15.1],[14.4],[13.9],[14],[14.1],[14.199999999999999],[13.9],[13.699999999999999],[13.800000000000001],[13.9],[13.6],[13.9],[14.199999999999999],[14.199999999999999],[14],[14.1],[13.800000000000001],[13.300000000000001],[13],[12.9],[13],[13.1],[13.5],[13.6],[14],[14],[13.699999999999999],[13.6],[13.4],[12.9],[12.6],[11.9]],[[20.5],[19.899999999999999],[18.699999999999999],[14.800000000000001],[13.5],[13.199999999999999],[11.300000000000001],[11.9],[13],[17],[16.699999999999999],[17.399999999999999],[14.800000000000001],[15.6],[15.300000000000001],[15.300000000000001],[14.5],[12.699999999999999],[13.300000000000001],[14],[13.5],[14.4],[15],[16.699999999999999],[16.100000000000001],[17.199999999999999],[17.399999999999999],[17.699999999999999],[17.399999999999999],[16.100000000000001],[16.5],[17.699999999999999],[16.300000000000001],[14.5],[15.9],[14.1],[13.800000000000001],[14.300000000000001],[15.300000000000001],[16.199999999999999],[14.9],[15.1],[15.1],[14.1],[14.300000000000001],[14.1],[13.1],[13.4],[14.1],[14.1],[13.300000000000001],[9.0999999999999996],[10.5]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"","axis_min":"0","axis_max":"60","axis_title":"%","precision":"1","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

ADIs continued to internally securitise this quarter, acquiring additional debt securities for use as collateral in exchange for low cost funding through the RBA's term funding facility. This resulted in a:

$84.9b decrease in long term loan assets from households
$97.0b increase in bond assets from securitisers

Securitisers had a corresponding:

$105.9b increase in long term loan assets from households
$97.0b increase in bond liabilities to ADIs

Long term loans from authorised deposit taking institutions and securitisers to households
	Authorised deposit taking institutions ($b)	Securitisers ($b)
Jun-07	18.9	26.7
Sep-07	21.7	-2.3
Dec-07	40.5	-11.7
Mar-08	6.9	14.4
Jun-08	-3.8	34.6
Sep-08	33.5	-19.9
Dec-08	-67.7	75.0
Mar-09	23.6	-7.5
Jun-09	37.8	-10.3
Sep-09	24.8	4.6
Dec-09	34.7	-14.7
Mar-10	32.2	-9.4
Jun-10	35.0	-7.9
Sep-10	15.8	2.6
Dec-10	25.0	-3.6
Mar-11	28.1	-5.7
Jun-11	20.5	5.1
Sep-11	8.8	10.0
Dec-11	20.8	-3.0
Mar-12	-9.0	23.4
Jun-12	22.0	-0.9
Sep-12	-20.8	25.2
Dec-12	16.3	-6.6
Mar-13	24.1	-9.5
Jun-13	4.6	21.6
Sep-13	9.8	2.5
Dec-13	11.2	15.1
Mar-14	9.6	10.7
Jun-14	20.3	13.1
Sep-14	-5.7	34.0
Dec-14	-3.8	31.0
Mar-15	12.0	15.4
Jun-15	44.3	-1.0
Sep-15	10.7	3.2
Dec-15	23.0	3.2
Mar-16	28.8	-1.6
Jun-16	24.3	10.3
Sep-16	35.2	-3.8
Dec-16	27.7	2.2
Mar-17	24.7	2.3
Jun-17	68.4	-30.7
Sep-17	32.2	-10.8
Dec-17	2.1	26.2
Mar-18	21.2	-0.3
Jun-18	23.8	3.7
Sep-18	23.9	-7.0
Dec-18	4.8	12.7
Mar-19	7.8	4.6
Jun-19	10.3	14.4
Sep-19	-4.4	0.6
Dec-19	18.0	-0.4
Mar-20	-160.2	169.1
Jun-20	-84.9	105.9

Long term loans from authorised deposit taking institutions and securitisers to households

["","Authorised deposit taking institutions","Securitisers"]

[["Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[18.899999999999999],[21.699999999999999],[40.5],[6.9000000000000004],[-3.7999999999999998],[33.5],[-67.700000000000003],[23.600000000000001],[37.799999999999997],[24.800000000000001],[34.700000000000003],[32.200000000000003],[35],[15.800000000000001],[25],[28.100000000000001],[20.5],[8.8000000000000007],[20.800000000000001],[-9],[22],[-20.800000000000001],[16.300000000000001],[24.100000000000001],[4.5999999999999996],[9.8000000000000007],[11.199999999999999],[9.5999999999999996],[20.300000000000001],[-5.7000000000000002],[-3.7999999999999998],[12],[44.299999999999997],[10.699999999999999],[23],[28.800000000000001],[24.300000000000001],[35.200000000000003],[27.699999999999999],[24.699999999999999],[68.400000000000006],[32.200000000000003],[2.1000000000000001],[21.199999999999999],[23.800000000000001],[23.899999999999999],[4.7999999999999998],[7.7999999999999998],[10.300000000000001],[-4.4000000000000004],[18],[-160.19999999999999],[-84.900000000000006]],[[26.699999999999999],[-2.2999999999999998],[-11.699999999999999],[14.4],[34.600000000000001],[-19.899999999999999],[75],[-7.5],[-10.300000000000001],[4.5999999999999996],[-14.699999999999999],[-9.4000000000000004],[-7.9000000000000004],[2.6000000000000001],[-3.6000000000000001],[-5.7000000000000002],[5.0999999999999996],[10],[-3],[23.399999999999999],[-0.90000000000000002],[25.199999999999999],[-6.5999999999999996],[-9.5],[21.600000000000001],[2.5],[15.1],[10.699999999999999],[13.1],[34],[31],[15.4],[-1],[3.2000000000000002],[3.2000000000000002],[-1.6000000000000001],[10.300000000000001],[-3.7999999999999998],[2.2000000000000002],[2.2999999999999998],[-30.699999999999999],[-10.800000000000001],[26.199999999999999],[-0.29999999999999999],[3.7000000000000002],[-7],[12.699999999999999],[4.5999999999999996],[14.4],[0.59999999999999998],[-0.40000000000000002],[169.09999999999999],[105.90000000000001]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"","axis_min":"-200","axis_max":"200","axis_title":"$b","precision":"1","table_units":"($b)","tooltip_units":"(b)","axis_units":"","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

Authorised deposit-taking institutions' financial assets

Authorised deposit taking institutions' selected financial assets, $b
		Transactions, Dec-19	Amounts outstanding, Dec-19	Transactions, Mar-20	Amounts outstanding, Mar-20	Transactions, Jun-20	Amounts outstanding, Jun-20
Total assets	-27.6	4,044.6	197.6	4,499.2	-120.0	4,351.4
Deposits	2.9	101.1	77.3	180.2	-23.7	154.5
Bonds	-8.8	680.4	201.6	893.9	140.2	1,028.8
	Securitisers	4.0	342.5	165.7	511.5	101.5	608.5
	National general government	-14.0	115.4	11.2	130.4	22.7	151.3
Loans	26.5	2,697.0	-84.1	2,628.8	-129.8	2,476.3
Other assets	-48.2	566.1	2.7	796.3	-106.7	691.8

Authorised deposit-taking institutions' liabilities

Authorised deposit taking institutions' selected liabilities, $b
		Transactions, Dec-19	Amounts outstanding, Dec-19	Transactions, Mar-20	Amounts outstanding, Mar-20	Transactions, Jun-20	Amounts outstanding, Jun-20
Total liabilities	-32.5	4,161.7	167.4	4,482.5	-120.1	4,383.0
Deposits	6.8	2,358.2	140.0	2,520.2	35.4	2,542.9
	Other private non-fin corps	4.0	543.4	44.2	591.2	28.1	619.5
	Pension funds	-5.2	232.8	33.2	266.4	4.2	270.7
	Households	12.0	1,115.1	14.1	1,129.8	33.4	1,163.2
Bonds	-17.2	522.3	13.8	568.4	-28.8	519.4
Shares and equities	4.1	537.2	0.4	409.5	5.9	457.9
Other liabilities	-26.2	744.0	13.1	984.4	-132.6	862.9

Pension (superannuation) funds

Total financial assets of pension (superannuation) funds partially recovered from last quarter's losses, increasing $130.2b.

$115.3b in valuation increases of shares and other equity drove the overall growth of 5.8%
$59.0b of funds invested through life offices were reallocated to non-money market funds
$4.1b increase in deposits

Recovery in domestic and overseas share markets drove valuation increases in shares and other equity. Deposit levels remained elevated although growth was subdued as pension funds accommodated withdrawals related to the early to access superannuation scheme during the quarter.

For further analysis, see - Impacts of COVID-19 on superannuation funds

Pension fund financial assets
	Total assets ($b)	Revaluations ($b)	Transactions ($b)
Jun-07	1,122.9	31.6	71.2
Sep-07	1,170.8	26.4	21.5
Dec-07	1,172.3	-8.8	10.3
Mar-08	1,091	-100.9	19.6
Jun-08	1,083.6	-21.8	14.4
Sep-08	1,042.7	-58.5	17.6
Dec-08	943.3	-105.3	5.8
Mar-09	919.1	-29.4	5.2
Jun-09	991.4	37.0	35.3
Sep-09	1,099.9	90.4	18.1
Dec-09	1,139.1	25.3	13.9
Mar-10	1,165	8.3	17.5
Jun-10	1,103.9	-76.8	15.8
Sep-10	1,146.3	33.1	9.2
Dec-10	1,190.9	29.2	15.5
Mar-11	1,218.2	10.4	16.9
Jun-11	1,209.7	-34.8	26.3
Sep-11	1,137.4	-83.3	11.0
Dec-11	1,147.2	-3.2	13.1
Mar-12	1,207.8	41.4	19.1
Jun-12	1,203.8	-37.7	33.7
Sep-12	1,248.7	30.6	14.3
Dec-12	1,299.8	34.3	16.8
Mar-13	1,362.9	43.9	19.2
Jun-13	1,381.2	-20.2	38.5
Sep-13	1,457.6	62.8	13.6
Dec-13	1,511.3	28.7	25.0
Mar-14	1,548.7	16.7	20.6
Jun-14	1,581.1	-0.6	33.1
Sep-14	1,616	11.4	23.6
Dec-14	1,670.3	32.3	22.0
Mar-15	1,767.4	80.3	16.8
Jun-15	1,751.1	-50.7	34.4
Sep-15	1,724.4	-44.5	17.8
Dec-15	1,782.1	41.5	16.3
Mar-16	1,755.7	-34.4	7.9
Jun-16	1,827.7	41.6	30.5
Sep-16	1,895.9	57.1	11.1
Dec-16	1,945.2	29.1	20.2
Mar-17	1,998.1	32.0	20.9
Jun-17	2,046	7.2	40.7
Sep-17	2,062.1	6.0	10.2
Dec-17	2,157.6	71.9	23.6
Mar-18	2,145	-28.1	15.5
Jun-18	2,220.1	51.4	23.7
Sep-18	2,273	38.4	14.5
Dec-18	2,160.6	-130.2	17.8
Mar-19	2,295.5	120.2	14.6
Jun-19	2,398.5	69.0	34.0
Sep-19	2,455.3	45.4	11.4
Dec-19	2,498.5	26.5	16.7
Mar-20	2,240.2	-270.4	12.1
Jun-20	2,370.4	119.9	10.4

Pension fund financial assets

["","Total assets","Revaluations","Transactions"]

[["Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[1122.9000000000001],[1170.8],[1172.3],[1091],[1083.5999999999999],[1042.7],[943.29999999999995],[919.10000000000002],[991.39999999999998],[1099.9000000000001],[1139.0999999999999],[1165],[1103.9000000000001],[1146.3],[1190.9000000000001],[1218.2],[1209.7],[1137.4000000000001],[1147.2],[1207.8],[1203.8],[1248.7],[1299.8],[1362.9000000000001],[1381.2],[1457.5999999999999],[1511.3],[1548.7],[1581.0999999999999],[1616],[1670.3],[1767.4000000000001],[1751.0999999999999],[1724.4000000000001],[1782.0999999999999],[1755.7],[1827.7],[1895.9000000000001],[1945.2],[1998.0999999999999],[2046],[2062.0999999999999],[2157.5999999999999],[2145],[2220.0999999999999],[2273],[2160.5999999999999],[2295.5],[2398.5],[2455.3000000000002],[2498.5],[2240.1999999999998],[2370.4000000000001]],[[31.600000000000001],[26.399999999999999],[-8.8000000000000007],[-100.90000000000001],[-21.800000000000001],[-58.5],[-105.3],[-29.399999999999999],[37],[90.400000000000006],[25.300000000000001],[8.3000000000000007],[-76.799999999999997],[33.100000000000001],[29.199999999999999],[10.4],[-34.799999999999997],[-83.299999999999997],[-3.2000000000000002],[41.399999999999999],[-37.700000000000003],[30.600000000000001],[34.299999999999997],[43.899999999999999],[-20.199999999999999],[62.799999999999997],[28.699999999999999],[16.699999999999999],[-0.59999999999999998],[11.4],[32.299999999999997],[80.299999999999997],[-50.700000000000003],[-44.5],[41.5],[-34.399999999999999],[41.600000000000001],[57.100000000000001],[29.100000000000001],[32],[7.2000000000000002],[6],[71.900000000000006],[-28.100000000000001],[51.399999999999999],[38.399999999999999],[-130.19999999999999],[120.2],[69],[45.399999999999999],[26.5],[-270.39999999999998],[119.90000000000001]],[[71.200000000000003],[21.5],[10.300000000000001],[19.600000000000001],[14.4],[17.600000000000001],[5.7999999999999998],[5.2000000000000002],[35.299999999999997],[18.100000000000001],[13.9],[17.5],[15.800000000000001],[9.1999999999999993],[15.5],[16.899999999999999],[26.300000000000001],[11],[13.1],[19.100000000000001],[33.700000000000003],[14.300000000000001],[16.800000000000001],[19.199999999999999],[38.5],[13.6],[25],[20.600000000000001],[33.100000000000001],[23.600000000000001],[22],[16.800000000000001],[34.399999999999999],[17.800000000000001],[16.300000000000001],[7.9000000000000004],[30.5],[11.1],[20.199999999999999],[20.899999999999999],[40.700000000000003],[10.199999999999999],[23.600000000000001],[15.5],[23.699999999999999],[14.5],[17.800000000000001],[14.6],[34],[11.4],[16.699999999999999],[12.1],[10.4]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"","axis_min":"-300 ","axis_max":"250 ","axis_title":"$b","precision":"1","table_units":"($b)","tooltip_units":"(b)","axis_units":"","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false},{"axis_id":"1","tick_interval":"","axis_min":" -3000","axis_max":" 2500","axis_title":"","precision":"","table_units":"($b)","tooltip_units":"(b)","axis_units":"","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

Pension (superannuation) funds' financial assets

Pension (superannuation) funds' selected financial assets, $b
		Transactions, Dec-19	Amounts outstanding, Dec-19	Transactions, Mar-20	Amounts outstanding, Mar-20	Transactions, Jun-20	Amounts outstanding, Jun-20
Total assets	16.7	2,498.5	12.1	2,240.2	10.4	2,370.4
Deposits	-5.9	241.7	36.4	279.4	4.1	282.5
Bonds	3.3	124.2	-9.9	117.0	4.2	121.1
Shares and equity	16.7	1,937.6	-12.5	1,659.9	55.6	1,830.8
	Other private non-fin corps	1.1	322.2	1.2	253.0	4.1	301.0
	Non-money market investment funds	-4.6	820.3	-5.4	719.2	52.0	799.1
	Rest of world	11.1	382.1	-8.7	345.6	-8.4	351.0
Net equity in life offices	-3.0	93.0	-2.3	76.3	-59.0	19.4
Other assets	-90.4	102.0	-78.1	107.5	-73.0	116.5

Pension (superannuation) funds' liabilities

Pension (superannuation) funds' selected liabilities, $b
		Transactions, Dec-19	Amounts outstanding, Dec-19	Transactions, Mar-20	Amounts outstanding, Mar-20	Transactions, Jun-20	Amounts outstanding, Jun-20
Total liabilities	19.6	2,691.8	18.4	2,437.1	9.7	2,565.1
Net equity in reserves	19.4	2,650.9	15.4	2,371.6	18.4	2,519.4
	Households	19.3	2,648.2	15.2	2,369.0	18.4	2,516.7
Other liabilities	0.1	40.9	3.1	65.5	-8.7	45.7

Government

Financial assets of general government (national, and state and local) increased $47.9b (4.3%), driven by deposits with a:

$41.6b increase in deposits with the RBA
$5.3b increase in deposits with authorised deposit taking institutions

The record increase in deposit assets were due to excess funds raised by the Commonwealth government being placed with the RBA, and state government funds being placed with ADIs, for future outlay.
Liabilities of general government increased $144.7b (9.1%), driven by a:

$72.9b issuance of bonds
$33.6b issuance of one name paper
$29.4b increase in loans

The record increases in bonds and one name paper were due to issuance of Treasury bonds and notes by the Commonwealth government to meet funding requirements, as the government increased spending in response to COVID-19. Similarly, central borrowing authorities raised $29.9b through issuance of semi-government bonds and passed on this record amount to the state governments to meet increased funding requirements.

For further analysis, see - Financing COVID-19 government policies

General government, transactions
	Assets: deposits ($b)	Liabilities: one name paper ($b)	Liabilities: bonds ($b)	Liabilities: loans ($b)
Jun-07	8.3	0.0	0.6	1.6
Sep-07	-6.6	0.0	0.7	3.6
Dec-07	-40.5	0.0	-1.4	-0.7
Mar-08	3.2	0.0	0.9	0.0
Jun-08	15.0	0.0	1.9	8.9
Sep-08	-11.8	0.0	-1.3	0.8
Dec-08	-6.6	0.0	4.3	3.1
Mar-09	7.9	3.4	10.6	0.3
Jun-09	15.8	13.3	13.8	0.4
Sep-09	-7.9	-4.8	11.7	10.6
Dec-09	-3.1	-1.0	15.1	-0.4
Mar-10	3.2	-0.2	14.8	5.3
Jun-10	5.4	0.3	16.2	4.4
Sep-10	-5.9	6.1	8.2	3.6
Dec-10	-2.2	0.8	13.4	-2.2
Mar-11	2.3	-3.2	13.4	6.7
Jun-11	6.5	1.4	7.5	10.5
Sep-11	-3.2	-1.9	18.1	9.9
Dec-11	11.4	-1.6	19.5	4.5
Mar-12	4.0	3.0	13.4	1.6
Jun-12	-7.6	-3.2	2.7	14.0
Sep-12	8.5	3.7	13.5	6.3
Dec-12	3.9	5.5	8.9	2.3
Mar-13	-0.2	-4.6	11.2	1.9
Jun-13	0.8	-11.6	3.0	2.8
Sep-13	5.8	1.0	20.9	5.5
Dec-13	5.8	2.5	15.6	2.6
Mar-14	13.2	-9.0	25.5	2.1
Jun-14	-8.8	4.8	2.2	3.2
Sep-14	7.4	2.5	17.1	2.7
Dec-14	0.8	0.6	9.1	3.0
Mar-15	12.4	-1.1	15.6	2.7
Jun-15	-5.4	-0.9	6.8	-3.9
Sep-15	2.0	3.0	26.4	6.8
Dec-15	-7.1	-3.4	7.9	-4.2
Mar-16	9.4	0.0	22.1	2.1
Jun-16	-0.6	-0.8	5.3	-3.7
Sep-16	-1.5	-0.5	24.2	3.7
Dec-16	10.8	-1.0	23.7	-9.1
Mar-17	8.5	0.5	20.7	-0.6
Jun-17	15.0	-0.4	18.1	-0.7
Sep-17	-23.8	1.0	0.6	2.8
Dec-17	7.7	-1.3	15.0	1.8
Mar-18	-0.1	0.3	4.6	1.3
Jun-18	4.5	-1.1	10.7	-1.0
Sep-18	-3.9	0.5	3.0	0.3
Dec-18	-18.3	0.0	2.3	4.6
Mar-19	-1.3	1.0	-3.6	4.5
Jun-19	6.2	-1.4	9.8	7.1
Sep-19	0.8	4.7	13.4	9.3
Dec-19	-9.1	7.5	-1.0	6.0
Mar-20	22.1	5.2	14.5	18.8
Jun-20	46.2	33.6	72.9	29.4

General government, transactions

["","Assets: deposits","Liabilities: one name paper","Liabilities: bonds","Liabilities: loans"]

[["Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[8.3000000000000007],[-6.5999999999999996],[-40.5],[3.2000000000000002],[15],[-11.800000000000001],[-6.5999999999999996],[7.9000000000000004],[15.800000000000001],[-7.9000000000000004],[-3.1000000000000001],[3.2000000000000002],[5.4000000000000004],[-5.9000000000000004],[-2.2000000000000002],[2.2999999999999998],[6.5],[-3.2000000000000002],[11.4],[4],[-7.5999999999999996],[8.5],[3.8999999999999999],[-0.20000000000000001],[0.80000000000000004],[5.7999999999999998],[5.7999999999999998],[13.199999999999999],[-8.8000000000000007],[7.4000000000000004],[0.80000000000000004],[12.4],[-5.4000000000000004],[2],[-7.0999999999999996],[9.4000000000000004],[-0.59999999999999998],[-1.5],[10.800000000000001],[8.5],[15],[-23.800000000000001],[7.7000000000000002],[-0.10000000000000001],[4.5],[-3.8999999999999999],[-18.300000000000001],[-1.3],[6.2000000000000002],[0.80000000000000004],[-9.0999999999999996],[22.100000000000001],[46.200000000000003]],[[0],[0],[0],[0],[0],[0],[0],[3.3999999999999999],[13.300000000000001],[-4.7999999999999998],[-1],[-0.20000000000000001],[0.29999999999999999],[6.0999999999999996],[0.80000000000000004],[-3.2000000000000002],[1.3999999999999999],[-1.8999999999999999],[-1.6000000000000001],[3],[-3.2000000000000002],[3.7000000000000002],[5.5],[-4.5999999999999996],[-11.6],[1],[2.5],[-9],[4.7999999999999998],[2.5],[0.59999999999999998],[-1.1000000000000001],[-0.90000000000000002],[3],[-3.3999999999999999],[0],[-0.80000000000000004],[-0.5],[-1],[0.5],[-0.40000000000000002],[1],[-1.3],[0.29999999999999999],[-1.1000000000000001],[0.5],[0],[1],[-1.3999999999999999],[4.7000000000000002],[7.5],[5.2000000000000002],[33.600000000000001]],[[0.59999999999999998],[0.69999999999999996],[-1.3999999999999999],[0.90000000000000002],[1.8999999999999999],[-1.3],[4.2999999999999998],[10.6],[13.800000000000001],[11.699999999999999],[15.1],[14.800000000000001],[16.199999999999999],[8.1999999999999993],[13.4],[13.4],[7.5],[18.100000000000001],[19.5],[13.4],[2.7000000000000002],[13.5],[8.9000000000000004],[11.199999999999999],[3],[20.899999999999999],[15.6],[25.5],[2.2000000000000002],[17.100000000000001],[9.0999999999999996],[15.6],[6.7999999999999998],[26.399999999999999],[7.9000000000000004],[22.100000000000001],[5.2999999999999998],[24.199999999999999],[23.699999999999999],[20.699999999999999],[18.100000000000001],[0.59999999999999998],[15],[4.5999999999999996],[10.699999999999999],[3],[2.2999999999999998],[-3.6000000000000001],[9.8000000000000007],[13.4],[-1],[14.5],[72.900000000000006]],[[1.6000000000000001],[3.6000000000000001],[-0.69999999999999996],[0],[8.9000000000000004],[0.80000000000000004],[3.1000000000000001],[0.29999999999999999],[0.40000000000000002],[10.6],[-0.40000000000000002],[5.2999999999999998],[4.4000000000000004],[3.6000000000000001],[-2.2000000000000002],[6.7000000000000002],[10.5],[9.9000000000000004],[4.5],[1.6000000000000001],[14],[6.2999999999999998],[2.2999999999999998],[1.8999999999999999],[2.7999999999999998],[5.5],[2.6000000000000001],[2.1000000000000001],[3.2000000000000002],[2.7000000000000002],[3],[2.7000000000000002],[-3.8999999999999999],[6.7999999999999998],[-4.2000000000000002],[2.1000000000000001],[-3.7000000000000002],[3.7000000000000002],[-9.0999999999999996],[-0.59999999999999998],[-0.69999999999999996],[2.7999999999999998],[1.8],[1.3],[-1],[0.29999999999999999],[4.5999999999999996],[4.5],[7.0999999999999996],[9.3000000000000007],[6],[18.800000000000001],[29.399999999999999]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"","axis_min":"-50","axis_max":"150","axis_title":"$b","precision":"1","table_units":"($b)","tooltip_units":"(b)","axis_units":"","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

National general government financial assets

National general government selected financial assets, $b
		Transactions, Dec-19	Amounts outstanding, Dec-19	Transactions, Mar-20	Amounts outstanding, Mar-20	Transactions, Jun-20	Amounts outstanding, Jun-20
Total assets	4.4	555.8	25.9	592.4	48.9	627.1
Deposits	-5.2	44.5	16.6	61.7	38.0	99.1
	Central bank	-4.0	28.8	6.5	35.3	41.6	76.9
	Authorised deposit taking institutions	-0.7	12.0	7.2	19.3	-2.8	16.6
One name paper	3.9	40.5	-9.8	32.2	7.3	38.2
Shares and equity	1.2	190.4	2.6	197.0	-6.2	176.5
Other assets	4.5	280.4	16.5	301.5	9.8	313.3

National general government liabilities

National general government selected liabilities, $b
		Transactions, Dec-19	Amounts outstanding, Dec-19	Transactions, Mar-20	Amounts outstanding, Mar-20	Transactions, Jun-20	Amounts outstanding, Jun-20
Total liabilities	2.6	1,108.2	23.1	1,161.5	115.6	1,271.1
One name paper	7.5	14.6	5.2	19.9	33.6	53.5
Bonds	-2.0	635.2	14.5	670.2	72.3	734.6
	Central bank	-1.2	36.7	42.2	80.8	26.1	105.7
	Authorised deposit taking institutions	-14.0	115.4	11.2	130.4	22.7	151.3
	Rest of world	10.4	362.7	-30.2	344.6	21.6	363.0
Other liabilities	-2.9	458.4	3.4	471.5	9.7	483.1

State and local general government financial assets

State and local general government selected financial assets, $b
		Transactions, Dec-19	Amounts outstanding, Dec-19	Transactions, Mar-20	Amounts outstanding, Mar-20	Transactions, Jun-20	Amounts outstanding, Jun-20
Total assets	-4.8	533.4	4.9	531.3	9.2	544.4
Deposits	-3.9	56.7	5.6	62.3	8.2	70.5
Loans and placements	-1.0	52.0	-0.1	51.9	1.3	53.2
Shares and equity	0.4	397.2	2.0	392.1	-1.2	394.8
	State and local PNFCs	-	315.2	-	317.2	-	316.7
	Other private non-fin corps	0.1	45.8	1.1	44.9	-0.4	45.3
Other assets	-0.2	27.5	-2.5	25.0	0.9	26.0

State and local general government liabilities

State and local general government selected liabilities, $b
		Transactions, Dec-19	Amounts outstanding, Dec-19	Transactions, Mar-20	Amounts outstanding, Mar-20	Transactions, Jun-20	Amounts outstanding, Jun-20
Total liabilities	6.1	403.7	20.8	426.0	31.1	461.1
Loans and placements	4.1	178.9	18.4	197.3	29.0	226.4
	Central borrowing authorities	5.4	171.1	18.3	189.4	28.7	218.1
Unfunded superannuation claims	0.9	166.2	0.9	168.5	0.9	173.2
Other liabilities	1.1	58.6	1.5	60.2	1.3	61.5

Capital investment

Net lending (+) / borrowing (-)

Australia’s net lending position increased by $9.0b to $17.5b this quarter. This was driven by a:

$5.4b fall in gross fixed capital formation
$4.7b rundown in inventories

These were party offset by a:

$4.0b decline in national net saving

In the 2019-20 financial year, Australia became a net lender to non-residents following 46 consecutive years as a net borrower.

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted
	National net lending (net borrowing), relative to GDP, seasonally adjusted (%)
Jun-00	-5.0
Sep-00	-3.4
Dec-00	-3.5
Mar-01	-2.5
Jun-01	-2.2
Sep-01	-1.8
Dec-01	-2.8
Mar-02	-2.7
Jun-02	-3.7
Sep-02	-4.0
Dec-02	-5.1
Mar-03	-5.0
Jun-03	-5.7
Sep-03	-5.4
Dec-03	-5.4
Mar-04	-5.8
Jun-04	-5.6
Sep-04	-6.7
Dec-04	-7.3
Mar-05	-6.6
Jun-05	-5.8
Sep-05	-5.7
Dec-05	-5.8
Mar-06	-5.6
Jun-06	-6.1
Sep-06	-5.6
Dec-06	-6.0
Mar-07	-6.3
Jun-07	-6.6
Sep-07	-6.8
Dec-07	-7.2
Mar-08	-7.0
Jun-08	-5.7
Sep-08	-3.7
Dec-08	-2.8
Mar-09	-1.9
Jun-09	-5.0
Sep-09	-5.3
Dec-09	-6.5
Mar-10	-5.7
Jun-10	-2.8
Sep-10	-2.9
Dec-10	-3.4
Mar-11	-3.6
Jun-11	-3.0
Sep-11	-2.6
Dec-11	-3.3
Mar-12	-4.6
Jun-12	-3.6
Sep-12	-4.3
Dec-12	-4.8
Mar-13	-3.3
Jun-13	-3.5
Sep-13	-3.8
Dec-13	-3.1
Mar-14	-2.5
Jun-14	-3.2
Sep-14	-3.5
Dec-14	-3.2
Mar-15	-3.1
Jun-15	-5.1
Sep-15	-4.9
Dec-15	-5.5
Mar-16	-4.2
Jun-16	-4.3
Sep-16	-3.3
Dec-16	-1.6
Mar-17	-1.6
Jun-17	-2.4
Sep-17	-2.8
Dec-17	-3.6
Mar-18	-2.2
Jun-18	-2.7
Sep-18	-2.1
Dec-18	-1.4
Mar-19	-0.5
Jun-19	0.9
Sep-19	1.5
Dec-19	0.4
Mar-20	1.7
Jun-20	3.7

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted

["","National net lending (net borrowing), relative to GDP, seasonally adjusted"]

[["Jun-00","Sep-00","Dec-00","Mar-01","Jun-01","Sep-01","Dec-01","Mar-02","Jun-02","Sep-02","Dec-02","Mar-03","Jun-03","Sep-03","Dec-03","Mar-04","Jun-04","Sep-04","Dec-04","Mar-05","Jun-05","Sep-05","Dec-05","Mar-06","Jun-06","Sep-06","Dec-06","Mar-07","Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[-5],[-3.3999999999999999],[-3.5],[-2.5],[-2.2000000000000002],[-1.8],[-2.7999999999999998],[-2.7000000000000002],[-3.7000000000000002],[-4],[-5.0999999999999996],[-5],[-5.7000000000000002],[-5.4000000000000004],[-5.4000000000000004],[-5.7999999999999998],[-5.5999999999999996],[-6.7000000000000002],[-7.2999999999999998],[-6.5999999999999996],[-5.7999999999999998],[-5.7000000000000002],[-5.7999999999999998],[-5.5999999999999996],[-6.0999999999999996],[-5.5999999999999996],[-6],[-6.2999999999999998],[-6.5999999999999996],[-6.7999999999999998],[-7.2000000000000002],[-7],[-5.7000000000000002],[-3.7000000000000002],[-2.7999999999999998],[-1.8999999999999999],[-5],[-5.2999999999999998],[-6.5],[-5.7000000000000002],[-2.7999999999999998],[-2.8999999999999999],[-3.3999999999999999],[-3.6000000000000001],[-3],[-2.6000000000000001],[-3.2999999999999998],[-4.5999999999999996],[-3.6000000000000001],[-4.2999999999999998],[-4.7999999999999998],[-3.2999999999999998],[-3.5],[-3.7999999999999998],[-3.1000000000000001],[-2.5],[-3.2000000000000002],[-3.5],[-3.2000000000000002],[-3.1000000000000001],[-5.0999999999999996],[-4.9000000000000004],[-5.5],[-4.2000000000000002],[-4.2999999999999998],[-3.2999999999999998],[-1.6000000000000001],[-1.6000000000000001],[-2.3999999999999999],[-2.7999999999999998],[-3.6000000000000001],[-2.2000000000000002],[-2.7000000000000002],[-2.1000000000000001],[-1.3999999999999999],[-0.5],[0.90000000000000002],[1.5],[0.40000000000000002],[1.7],[3.7000000000000002]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"","axis_min":"-10","axis_max":"5","axis_title":"%","precision":"1","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Government subsidies to business and households in response to COVID-19, including JobKeeper, JobSeeker and Boosting Cash Flow for Employers, drove movements across all sectors:

Households’ net lending increased by $47.3b to $57.9b
Non-financial corporations’ net lending increased by $27.9b to $28.2b
Financial corporations’ net lending increased by $15.3b to $21.5b
General government net borrowing increased by $85.9b to $96.4b, this is $74.8b higher than the level during the global financial crisis

Other notable drivers on households and non-financial corporations were:

Household final consumption declined 12.8%, the largest fall on record, driven by COVID-19 related restrictions
Declines in dividends payable and gross fixed capital formation as non-financial corporations sought to maintain liquidity

Net lending (+) / borrowing (-), by sector, seasonally adjusted
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Jun-07	-17.8	3.2	2.9	-6.9
Sep-07	-20.2	3.2	4.1	-7.9
Dec-07	-22.2	7.8	1.6	-8.1
Mar-08	-24.2	7.3	1.5	-4.7
Jun-08	-24.7	9.4	1.8	-1.9
Sep-08	-19.3	9.4	-1.8	0.5
Dec-08	-13.4	6.8	-12.5	13.0
Mar-09	-9.1	4.6	-11.2	9.0
Jun-09	-14.8	5.9	-21.6	13.0
Sep-09	-10.2	-2.4	-13.7	7.4
Dec-09	-7.9	3.6	-19.6	6.0
Mar-10	-9.6	3.6	-21.5	8.7
Jun-10	-7.6	10.7	-16.2	6.1
Sep-10	-10.8	8.0	-15.5	8.4
Dec-10	-12.0	7.6	-15.3	11.9
Mar-11	-17.9	6.3	-16.8	13.7
Jun-11	-20.1	11.5	-16.3	11.6
Sep-11	-16.1	9.8	-16.0	13.9
Dec-11	-18.2	9.1	-19.4	17.8
Mar-12	-25.9	11.0	-14.1	13.1
Jun-12	-21.8	9.2	-19.7	16.1
Sep-12	-24.6	11.0	-13.2	8.7
Dec-12	-29.6	10.4	-11.7	12.4
Mar-13	-23.0	8.4	-14.5	14.4
Jun-13	-27.0	9.0	-5.0	12.8
Sep-13	-22.5	8.1	-12.4	11.4
Dec-13	-23.3	8.5	-12.0	12.9
Mar-14	-21.9	8.6	-12.3	13.0
Jun-14	-23.8	8.2	-8.6	14.1
Sep-14	-24.5	8.4	-11.0	12.3
Dec-14	-21.3	6.2	-10.5	11.7
Mar-15	-24.0	8.0	-8.6	9.5
Jun-15	-23.8	6.0	-7.6	11.2
Sep-15	-25.7	8.1	-7.4	7.7
Dec-15	-25.6	9.4	-7.1	4.0
Mar-16	-23.0	8.6	-11.7	3.6
Jun-16	-20.9	10.1	-12.5	4.0
Sep-16	-17.9	10.4	-11.4	3.6
Dec-16	-10.7	9.1	-6.4	1.0
Mar-17	-10.2	7.3	-3.6	1.4
Jun-17	-8.9	10.5	-11.4	-0.6
Sep-17	-15.9	10.3	-5.1	-0.7
Dec-17	-17.6	8.3	-5.1	0.9
Mar-18	-16.3	10.3	-4.7	-1.3
Jun-18	-22.9	9.7	-1.2	-3.6
Sep-18	-15.7	9.0	-1.5	-4.2
Dec-18	-14.4	9.7	-2.4	-2.5
Mar-19	-10.3	9.4	-3.7	0.4
Jun-19	-6.8	9.3	0.1	-0.9
Sep-19	-4.7	7.0	-6.5	6.1
Dec-19	-5.3	7.9	-7.5	2.5
Mar-20	0.3	6.2	-10.5	10.6
Jun-20	28.2	21.5	-96.4	57.9

Net lending (+) / borrowing (-), by sector, seasonally adjusted

["","Non-financial corporations","Financial corporations","General government","Households"]

[["Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[-17.809999999999999],[-20.210999999999999],[-22.222999999999999],[-24.172999999999998],[-24.707000000000001],[-19.341000000000001],[-13.391],[-9.1300000000000008],[-14.768000000000001],[-10.211],[-7.8639999999999999],[-9.6180000000000003],[-7.5830000000000002],[-10.81],[-12.003],[-17.859999999999999],[-20.087],[-16.085999999999999],[-18.227],[-25.864000000000001],[-21.759],[-24.579999999999998],[-29.617000000000001],[-22.981999999999999],[-26.991],[-22.452000000000002],[-23.283999999999999],[-21.920999999999999],[-23.797999999999998],[-24.497],[-21.309999999999999],[-23.965],[-23.826000000000001],[-25.739999999999998],[-25.550000000000001],[-22.963999999999999],[-20.879999999999999],[-17.888000000000002],[-10.743],[-10.210000000000001],[-8.9019999999999992],[-15.903],[-17.613],[-16.265999999999998],[-22.937999999999999],[-15.731],[-14.441000000000001],[-10.273],[-6.758],[-4.7489999999999997],[-5.3079999999999998],[0.253],[28.181000000000001]],[[3.157],[3.1600000000000001],[7.8470000000000004],[7.2869999999999999],[9.4309999999999992],[9.3870000000000005],[6.782],[4.6150000000000002],[5.851],[-2.391],[3.5840000000000001],[3.6280000000000001],[10.654999999999999],[8.032],[7.5860000000000003],[6.2930000000000001],[11.449999999999999],[9.843],[9.1259999999999994],[10.965999999999999],[9.157],[10.987],[10.378],[8.3670000000000009],[9.0229999999999997],[8.0939999999999994],[8.4939999999999998],[8.6020000000000003],[8.2379999999999995],[8.3810000000000002],[6.2210000000000001],[7.9889999999999999],[5.9989999999999997],[8.0730000000000004],[9.4049999999999994],[8.6349999999999998],[10.095000000000001],[10.401],[9.1039999999999992],[7.2539999999999996],[10.461],[10.32],[8.3079999999999998],[10.319000000000001],[9.702],[8.9760000000000009],[9.6820000000000004],[9.4220000000000006],[9.3460000000000001],[7.0490000000000004],[7.8739999999999997],[6.2169999999999996],[21.521000000000001]],[[2.915],[4.1070000000000002],[1.5920000000000001],[1.4710000000000001],[1.78],[-1.829],[-12.467000000000001],[-11.231],[-21.603999999999999],[-13.731999999999999],[-19.574999999999999],[-21.507999999999999],[-16.175000000000001],[-15.492000000000001],[-15.276999999999999],[-16.765999999999998],[-16.309999999999999],[-16.027999999999999],[-19.442],[-14.129],[-19.692],[-13.212999999999999],[-11.742000000000001],[-14.513999999999999],[-4.96],[-12.382999999999999],[-12.016999999999999],[-12.324],[-8.5690000000000008],[-10.984999999999999],[-10.541],[-8.6329999999999991],[-7.5839999999999996],[-7.4169999999999998],[-7.1130000000000004],[-11.69],[-12.51],[-11.43],[-6.3650000000000002],[-3.6269999999999998],[-11.411],[-5.0970000000000004],[-5.1020000000000003],[-4.6660000000000004],[-1.1599999999999999],[-1.504],[-2.3679999999999999],[-3.7090000000000001],[0.14499999999999999],[-6.5419999999999998],[-7.5259999999999998],[-10.494999999999999],[-96.400000000000006]],[[-6.9359999999999999],[-7.851],[-8.1050000000000004],[-4.702],[-1.8999999999999999],[0.53900000000000003],[12.970000000000001],[8.9719999999999995],[12.967000000000001],[7.3970000000000002],[6.0129999999999999],[8.7050000000000001],[6.0720000000000001],[8.3800000000000008],[11.920999999999999],[13.710000000000001],[11.551],[13.907],[17.754000000000001],[13.111000000000001],[16.091999999999999],[8.7289999999999992],[12.382],[14.423999999999999],[12.848000000000001],[11.412000000000001],[12.879],[13.021000000000001],[14.103],[12.250999999999999],[11.664999999999999],[9.4770000000000003],[11.208],[7.7450000000000001],[3.9809999999999999],[3.6219999999999999],[3.9990000000000001],[3.556],[1.0449999999999999],[1.401],[-0.58099999999999996],[-0.73399999999999999],[0.92300000000000004],[-1.254],[-3.641],[-4.2000000000000002],[-2.528],[0.44800000000000001],[-0.90500000000000003],[6.0919999999999996],[2.5],[10.587],[57.866999999999997]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"","axis_min":"-100","axis_max":"75","axis_title":"$b","precision":"1","table_units":"($b)","tooltip_units":"(b)","axis_units":"","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

Capital Investment

National capital investment increased to 23.1% as a proportion of GDP, as gross fixed capital formation fell by less than other areas of the economy.
Relative to GDP:

Non-financial corporations’ investment rose to 10.4%
General government investment rose to 4.3%
Financial corporations’ investment was weak at 0.6%
Households’ investment fell to 7.7%

The level of non-financial corporations’ investment fell this quarter as businesses reduced capital expenditure in response to COVID-19. This was less than the 7% fall across the economy, meaning the ratio of investment to GDP increased slightly.
General government investment rose driven by continued works on state and local infrastructure projects.
The decline in household investment was led by falls in dwelling construction and ownership transfer costs. COVID-19 social distancing measures led to reduced work done on housing construction as well as declines in real estate sales activity. As a proportion of GDP, household investment recorded its lowest level since 2014.

Gross fixed capital formation, by sector, relative to GDP, seasonally adjusted
	Non-financial corporations (%)	Financial corporations (%)	General government (%)	Households (%)
Jun-07	13.9	0.8	3.2	10.2
Sep-07	14.4	0.7	2.7	9.9
Dec-07	14.2	0.7	3.2	9.8
Mar-08	14.7	0.7	3.1	9.8
Jun-08	14.9	0.7	3.6	9.6
Sep-08	14.8	0.7	3.4	9.1
Dec-08	15.0	0.7	3.4	8.9
Mar-09	14.4	0.7	3.4	8.6
Jun-09	14.8	0.7	3.3	8.6
Sep-09	14.0	0.7	3.7	8.6
Dec-09	14.4	0.7	4.1	8.7
Mar-10	13.6	0.7	4.6	8.3
Jun-10	13.2	0.6	4.2	8.2
Sep-10	13.2	0.6	4.1	8.4
Dec-10	13.3	0.6	4.0	8.1
Mar-11	13.8	0.6	3.8	8.1
Jun-11	13.8	0.6	3.3	7.9
Sep-11	15.1	0.6	3.4	7.6
Dec-11	14.9	0.6	4.1	7.4
Mar-12	16.3	0.6	3.3	7.3
Jun-12	16.9	0.6	3.6	7.2
Sep-12	16.8	0.7	3.4	7.4
Dec-12	17.3	0.7	3.3	7.4
Mar-13	16.1	0.6	3.4	7.3
Jun-13	16.0	0.6	3.0	7.5
Sep-13	16.1	0.6	3.1	7.5
Dec-13	15.8	0.6	3.2	7.6
Mar-14	15.0	0.6	3.2	7.7
Jun-14	14.8	0.6	3.2	7.8
Sep-14	14.1	0.7	3.2	8.3
Dec-14	13.9	0.7	3.1	8.7
Mar-15	13.4	0.7	3.0	8.9
Jun-15	13.4	0.6	3.2	8.9
Sep-15	12.8	0.7	2.9	9.2
Dec-15	12.6	0.7	3.0	9.2
Mar-16	11.9	0.7	3.4	9.3
Jun-16	11.2	0.7	3.6	9.4
Sep-16	10.7	0.7	3.2	9.4
Dec-16	10.7	0.6	3.3	9.3
Mar-17	10.4	0.6	3.5	9.2
Jun-17	10.2	0.6	4.1	9.2
Sep-17	11.4	0.5	3.7	8.9
Dec-17	11.0	0.7	3.8	8.9
Mar-18	11.0	0.7	3.7	9.0
Jun-18	10.8	0.7	3.8	9.0
Sep-18	10.7	0.6	3.9	8.9
Dec-18	10.5	0.6	3.8	8.6
Mar-19	10.4	0.6	3.8	8.2
Jun-19	10.4	0.6	3.9	7.9
Sep-19	10.3	0.6	3.9	7.9
Dec-19	10.2	0.6	4.0	7.9
Mar-20	10.1	0.6	3.9	7.8
Jun-20	10.4	0.6	4.3	7.7

Gross fixed capital formation, by sector, relative to GDP, seasonally adjusted

["","Non-financial corporations","Financial corporations","General government","Households"]

[["Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[13.9],[14.4],[14.199999999999999],[14.699999999999999],[14.9],[14.800000000000001],[15],[14.4],[14.800000000000001],[14],[14.4],[13.6],[13.199999999999999],[13.199999999999999],[13.300000000000001],[13.800000000000001],[13.800000000000001],[15.1],[14.9],[16.300000000000001],[16.899999999999999],[16.800000000000001],[17.300000000000001],[16.100000000000001],[16],[16.100000000000001],[15.800000000000001],[15],[14.800000000000001],[14.1],[13.9],[13.4],[13.4],[12.800000000000001],[12.6],[11.9],[11.199999999999999],[10.699999999999999],[10.699999999999999],[10.4],[10.199999999999999],[11.4],[11],[11],[10.800000000000001],[10.699999999999999],[10.5],[10.4],[10.4],[10.300000000000001],[10.199999999999999],[10.1],[10.4]],[[0.80000000000000004],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.69999999999999996],[0.69999999999999996],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.59999999999999998],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.5],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998]],[[3.2000000000000002],[2.7000000000000002],[3.2000000000000002],[3.1000000000000001],[3.6000000000000001],[3.3999999999999999],[3.3999999999999999],[3.3999999999999999],[3.2999999999999998],[3.7000000000000002],[4.0999999999999996],[4.5999999999999996],[4.2000000000000002],[4.0999999999999996],[4],[3.7999999999999998],[3.2999999999999998],[3.3999999999999999],[4.0999999999999996],[3.2999999999999998],[3.6000000000000001],[3.3999999999999999],[3.2999999999999998],[3.3999999999999999],[3],[3.1000000000000001],[3.2000000000000002],[3.2000000000000002],[3.2000000000000002],[3.2000000000000002],[3.1000000000000001],[3],[3.2000000000000002],[2.8999999999999999],[3],[3.3999999999999999],[3.6000000000000001],[3.2000000000000002],[3.2999999999999998],[3.5],[4.0999999999999996],[3.7000000000000002],[3.7999999999999998],[3.7000000000000002],[3.7999999999999998],[3.8999999999999999],[3.7999999999999998],[3.7999999999999998],[3.8999999999999999],[3.8999999999999999],[4],[3.8999999999999999],[4.2999999999999998]],[[10.199999999999999],[9.9000000000000004],[9.8000000000000007],[9.8000000000000007],[9.5999999999999996],[9.0999999999999996],[8.9000000000000004],[8.5999999999999996],[8.5999999999999996],[8.5999999999999996],[8.6999999999999993],[8.3000000000000007],[8.1999999999999993],[8.4000000000000004],[8.0999999999999996],[8.0999999999999996],[7.9000000000000004],[7.5999999999999996],[7.4000000000000004],[7.2999999999999998],[7.2000000000000002],[7.4000000000000004],[7.4000000000000004],[7.2999999999999998],[7.5],[7.5],[7.5999999999999996],[7.7000000000000002],[7.7999999999999998],[8.3000000000000007],[8.6999999999999993],[8.9000000000000004],[8.9000000000000004],[9.1999999999999993],[9.1999999999999993],[9.3000000000000007],[9.4000000000000004],[9.4000000000000004],[9.3000000000000007],[9.1999999999999993],[9.1999999999999993],[8.9000000000000004],[8.9000000000000004],[9],[9],[8.9000000000000004],[8.5999999999999996],[8.1999999999999993],[7.9000000000000004],[7.9000000000000004],[7.9000000000000004],[7.7999999999999998],[7.7000000000000002]]]

[]

[{"axis_id":"0","tick_interval":"2","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"","axis_min":"","axis_max":"","axis_title":"%","precision":"1","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Data downloads

Time series spreadsheets

Data files

TABLE 1. Credit Market Outstandings ($ million)
Download xls [434.5 KB]
TABLE 2. Demand for Credit ($ million)
Download xls [434.5 KB]
TABLE 3. National Capital Account, Current prices ($ million)
Download xls [109.5 KB]
TABLE 4. National Financial Assets and Liabilities ($ million)
Download xls [137 KB]
TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)
Download xls [105 KB]
TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)
Download xls [629.5 KB]
TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)
Download xls [101 KB]
TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)
Download xls [609 KB]
TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)
Download xls [402 KB]
TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)
Download xls [673.5 KB]
TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)
Download xls [101 KB]
TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)
Download xls [485 KB]
TABLE 13. Financial Corporations Capital Account, Current prices ($ million)
Download xls [105 KB]
TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)
Download xls [527 KB]
TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)
Download xls [280 KB]
TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)
Download xls [775 KB]
TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)
Download xls [627.5 KB]
TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)
Download xls [349.5 KB]
TABLE 19. Financial Assets and Liabilities of Pension Funds - Self-Managed Superannuation Funds ($ million)
Download xls [98.5 KB]
TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)
Download xls [546.5 KB]
TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)
Download xls [501.5 KB]
TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)
Download xls [277 KB]
TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)
Download xls [608.5 KB]
TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)
Download xls [450 KB]
TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)
Download xls [414 KB]
TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)
Download xls [667.5 KB]
TABLE 27. General Government Capital Account, Current prices ($ million)
Download xls [105 KB]
TABLE 28. Financial Assets and Liabilities of General Government ($ million)
Download xls [481.5 KB]
TABLE 29. National General Government Capital Account, Current prices ($ million)
Download xls [105 KB]
TABLE 30. Financial Assets and Liabilities of National General Government ($ million)
Download xls [484.5 KB]
TABLE 31. State and Local General Government Capital Account, Current prices ($ million)
Download xls [105 KB]
TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)
Download xls [306 KB]
TABLE 33. Household Capital Account, Current prices ($ million)
Download xls [105 KB]
TABLE 34. Financial Assets and Liabilities of Households ($ million)
Download xls [395.5 KB]
TABLE 35. Household Balance Sheet, Current prices ($ billion)
Download xls [116 KB]
TABLE 36. Analytical Measures of Household Income, Consumption, Saving and Wealth, Current prices ($ billion)
Download xls [96.5 KB]
TABLE 37. Rest of World Capital Account, Current prices ($ million)
Download xls [92 KB]
TABLE 38. Financial Assets and Liabilities of Rest of World ($ million)
Download xls [799 KB]
TABLE 39. The Currency Market ($ million)
Download xls [134 KB]
TABLE 40. The Transferable Deposits Market ($ million)
Download xls [171 KB]
TABLE 41. The Other Deposits Market ($ million)
Download xls [182.5 KB]
TABLE 42. The Bills of Exchange Market ($ million)
Download xls [175.5 KB]
TABLE 43. The One Name Paper Market ($ million)
Download xls [807 KB]
TABLE 44. The Bonds Market ($ million)
Download xls [803 KB]
TABLE 45. The Derivatives and Employee Stock Options Market ($ million)
Download xls [305.5 KB]
TABLE 46. The Short Term Loans and Placements Market ($ million)
Download xls [253 KB]
TABLE 47. The Long Term Loans and Placements Market ($ million)
Download xls [660.5 KB]
TABLE 48. The Listed Shares and Other Equity Market ($ million)
Download xls [475.5 KB]
TABLE 49. The Unlisted Shares and Other Equity Market ($ million)
Download xls [652.5 KB]
TABLE 50. Accounts Payable/Receivable ($ million)
Download xls [675 KB]
TABLE 51. Financial Accounts Summary of Bank Deposits and Lending Split by Household Subsectors ($ million)
Download xls [70 KB]
TABLE 52. Financial Accounts Summary of Loan Outstandings to Households for Housing by Type of Lending Institution ($ million)
Download xls [78 KB]
TABLE 53. Nominal Value of Short Term Loans and Placements Market ($ million)
Download xls [253 KB]
TABLE 54. Nominal Value of Long Term Loans and Placements Market ($ million)
Download xls [669.5 KB]
All time series workbooks
Download zip [5.91 MB]

Previous catalogue number

This release previously used catalogue number 5232.0

Future changes to the publication

In September quarter 2020, Table 19. Financial Assets and Liabilities of Pension Funds - Self-Managed Superannuation Funds ($ million) will be renamed Table 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million).

Revisions in this issue

There have been revisions to previously published aggregates due to:

Quality assurance reviews affecting the published aggregates after June quarter 2016, in addition to amendments to data collected in the ABS Survey of Financial Information, ABS Survey of International Investment and to data derived from Australian Prudential Regulation Authority (APRA) administrative data sets.
Revisions to the sectoral capital accounts are due to more up-to-date data being incorporated and concurrent seasonal adjustment.

There have also been revisions to some series prior to December quarter 2012 due to corrections of unfunded superannuation claims. The corrections impact:

TABLE 28. Financial Assets and Liabilities of General Government ($ million)
TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)
TABLE 34. Financial Assets and Liabilities of Households ($ million)

Suppression of data

The ABS has suppressed the release of some data in this issue due to confidentiality. Tables affected include:

TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)
TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)
TABLE 44. The Bonds Market ($ million)
TABLE 49. The Unlisted Shares and Other Equity Market ($ million)

Methodology

Australian National Accounts: Finance and Wealth methodology, June 2020

Do you need more detailed statistics?

Request data

We can provide customised data to meet your requirements

Request a quote

Microdata and TableBuilder

We can provide access to detailed, customisable data on selected topics

View available Microdata and TableBuilder

APA

Australian National Accounts: Finance and Wealth

APA

Key statistics

Main features

Articles

Financing resources

Financing resources table

Capital formation

Capital formation and financial investment table

Financial investment

Financial market summary table

Flow of funds diagrams

Net transactions during June quarter 2020

Amounts outstanding at end of June quarter 2020

Demand for credit

Demand for credit table

Households

Household balance sheet

Household financial assets

Household liabilities

Private non-financial corporations

Private non-financial corporations' financial assets

Private non-financial corporations' liabilities

Financial corporations

Financial corporations' assets and liabilities

Authorised deposit-taking institutions (ADIs)

Authorised deposit-taking institutions' financial assets

Authorised deposit-taking institutions' liabilities

Pension (superannuation) funds

Pension (superannuation) funds' financial assets

Pension (superannuation) funds' liabilities

Government

National general government financial assets

National general government liabilities

State and local general government financial assets

State and local general government liabilities

Capital investment

Net lending (+) / borrowing (-)

Capital Investment

Data downloads

Time series spreadsheets

TABLE 1. Credit Market Outstandings ($ million)

TABLE 2. Demand for Credit ($ million)

TABLE 3. National Capital Account, Current prices ($ million)

TABLE 4. National Financial Assets and Liabilities ($ million)

TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)

TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)

TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)

TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)

TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)

TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)

TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)

TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)

TABLE 13. Financial Corporations Capital Account, Current prices ($ million)

TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)

TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)

TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)

TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)

TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)

TABLE 19. Financial Assets and Liabilities of Pension Funds - Self-Managed Superannuation Funds ($ million)

TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)

TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)

TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)

TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)

TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)

TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)

TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)

TABLE 27. General Government Capital Account, Current prices ($ million)

TABLE 28. Financial Assets and Liabilities of General Government ($ million)

TABLE 29. National General Government Capital Account, Current prices ($ million)

TABLE 30. Financial Assets and Liabilities of National General Government ($ million)

TABLE 31. State and Local General Government Capital Account, Current prices ($ million)

TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)

TABLE 33. Household Capital Account, Current prices ($ million)

TABLE 34. Financial Assets and Liabilities of Households ($ million)

TABLE 35. Household Balance Sheet, Current prices ($ billion)

TABLE 36. Analytical Measures of Household Income, Consumption, Saving and Wealth, Current prices ($ billion)

TABLE 37. Rest of World Capital Account, Current prices ($ million)

TABLE 38. Financial Assets and Liabilities of Rest of World ($ million)