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Financial market: Lending commitments to households

Lending commitments to households

Lending commitments to households shows the value of Australian housing finance, contributing to an understanding of the size of the market, growth in housing credit, assets of lending institutions, and household debt.

Lending commitments to households by significant lenders for the purposes of secured housing finance for owner occupation, purchase of investment dwellings and other personal finance are published in the Australian Bureau of Statistics (ABS) publication Lending Indicators. A lending commitment is defined as a firm offer to provide finance which has been accepted by the borrower, and exists once the loan application has been approved and a loan contract or letter of offer has been issued to the borrower. The effects of normal seasonal variation and 'trading day effects' have been removed in the seasonal adjustment figures. To create trend estimates, the seasonally adjusted series is smoothed to reduce the impact of the irregular component of the seasonally adjusted series.

The ABS is currently monitoring for potential impacts from the Coronavirus (COVID-19) on loan commitments statistics and will continue to do so for the period of the pandemic. The significant and wide-ranging impacts of COVID-19 on the Australian economy are expected to disrupt normal patterns of lending to the extent that trend calculations, which require time to adjust for trend shifts of this magnitude, would likely provide an inaccurate view of underlying lending activity. The ABS has therefore suspended trend series in this publication as of March 2020. These series will be reinstated once the underlying changes in the pattern of lending activity become clearer. The data presented in the Lending commitments to households dashboard menu option consequently reflects these changes.

The data contained in the Lending commitments to households dashboard menu option was previously sourced from ABS 5601.0 – Lending to households and businesses, Australia. From December 2019, the ABS replaced this publication with Lending Indicators (cat. no. 5601.0) which contains new and improved content on lending indicators for Australian households and businesses. This dashboard menu option has subsequently been revised to reflect the new and improved data content.

Data on first home buyers is now presented separately in the Lending commitments to first home buyers dashboard menu option.

See ABS  – Lending Indicators ( for further information, including in-depth commentary and analysis, in particular the source data Quality Declaration. Source reference Data downloads - time series spreadsheets, tables 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21 and 22.