ABS Release: New lending to households Increased 1.1% in September

  • Nov 08, 2019 AEDT
  • Team Kalkine

As per a recent release by the Australian Bureau of Statistics (ABS), the value of new lending commitments to households increased 1.1 per cent in seasonally adjusted terms in September 2019.

The ABS release also highlighted the following:

  • Number of lending commitments for owner occupier first home buyers declined 1.9 per cent.
  • Number of lending commitments for non-first home buyers increased 5.6 per cent.
  • Lending to households for refinancing of household loans dropped 2.6 per cent. Refinancing of owner occupier dwellings was the leading contributor to the decline.
  • Personal finance exclusive of refinancing increased 7.7 per cent.

 

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