Get notifications in real-time for staying up to date with content that matters to you.
Credit unions and building societies experienced a positive 12 months to September 2007 with lending for housing driving the sector’s growth.
According to APRA’s Quarterly Credit Union and Building Society Performance Report released today, credit unions tabled a total asset growth of seven per cent in the year to September 2007, driven predominantly by a 9.3 per cent growth in housing loans.
Total lending for housing reached $24.8 billion.
Building societies’ total assets grew by 9.6 per cent over the same period to $21 billion.
Lending for housing was also a major contributor to building societies’ growth, increasing by 14.4 per cent to $14.2 billion.
Broker support is critical for borrowers looking to capitalise on...
The aggregator has welcomed specialty asset finance lender Austra...
The mortgage aggregator has announced the appointment of new busi...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
