Australia
Wed 31st July , 2019

Lending to households and businesses, Australia, May 2019

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  • In seasonally adjusted terms, lending commitments to households fell 1.3% in May 2019, following a 0.6% rise in April.
  • The fall in lending to households was driven by owner occupier dwellings excluding refinancing (down 2.7%) and investment dwellings excluding refinancing (down 1.7%).
  • In trend terms, lending commitments for owner occupier dwellings excluding refinancing fell 0.5% and investment dwellings excluding refinancing fell 1.4% in May 2019.
  • The number of lending commitments to first home owner occupier dwellings rose 0.8%, while the number of lending commitments to non-first home buyers fell for the third straight month (down 1.0%), in seasonally adjusted terms.
  • Personal finance excluding refinancing fell 0.7% in seasonally adjusted terms during May 2019 and is down 16.2% from May 2018.
  • Lending to households for refinancing was up 0.7% in seasonally adjusted terms, following a 0.7% fall in April 2019.
  • In trend terms, the value of lending commitments to businesses rose 3.6% in May and is up 13.7% from May 2018.