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.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.