ABS data shows home lending decline

by 19 May 2014
The latest Australian Bureau of Statistics lending data shows while housing and personal finance lending declined in seasonally adjusted terms, commercial lending rose.

The total value of owner-occupied housing commitments rose 0.1% in March from February in trend terms, but fell 1.2% when seasonally adjusted.

Within housing finance (including owner occupied, investment, refinance and alterations) there was a fall of $318m from February to March.

The value of total personal finance commitments rose 0.3% in the trend series in March but fell 1.7% when seasonally adjusted. Revolving credit commitments fell 4.2%, while fixed lending commitments rose 0.3%.

However, the trend series for the value of total commercial finance commitments rose 1.4% and when seasonally adjusted rose 2.8% in March, after a fall of 2.6% in February.