Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Commercial finance commitments fall

Staff Reporter 1 minute read

Lending finance figures released today indicated that 12 year high interest rates are taking their toll not just on home buyers but also on business.

The total value of commercial finance commitments fell by 10.4 per cent in February to $45.723 billion, seasonally adjusted, according to the ABS.

Leasing finance also fell by 4.4 per cent to $596 million over the month, seasonally adjusted.

Personal finance, in contrast, managed to increase by 0.9 per cent 7.451 billion, spurred by a 22.7 per cent rise in debt consolidation activity.

Published: 15-04-06

Advertisement
Advertisement
Commercial finance commitments fall
default
TheAdviser logo
default
more from the adviser
trophyaward 850 Revealed: The winners of the Better Business Awards NSW/ACT

The leading lights of the broking industry from across NSW and AC...

prospa new 2 Prospa reshuffles leadership team

The SME lender has announced changes to its leadership team follo...

Wisr ta Wisr originations jump 90%, profit falls

The neo-lender has reported a $12.9 million loss in the six month...

FROM THE WEB