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.

Personal finance commitments drop in May

Staff Reporter 1 minute read

The value of national personal financing fell by 7.8 per cent to $12.581 billion from April to May, ABS data revealed today.

The result indicated that high interest rates and other price pressures had decreased consumers’ propensity to borrow.

As reported last week, finance for owner-occupied home loans also fell in May by 5.7 per cent to $6.262 billion.

Leasing finance suffered a decline of 7.1 per cent in May while commercial lending managed an increase of 3.2 per cent.

Published: 14-07-08

Advertisement
Advertisement
Personal finance commitments drop in May
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
mortgage choice 850 Major brokerage appoints new GM of distribution

Mortgage Choice has announced that Citi’s former head of bankin...

ANZ new still ta ANZ extends business loan terms

The major bank has announced that it will extend the maximum loan...

cash money rolls Credit growth stunted by dive in business lending

Credit growth has waned as a result of a sharp drop-off in busine...

FROM THE WEB