On 6 May 2020, ABS highlighted that the value of new loan commitments for housing improved by 0.2% in March 2020, seasonally adjusted.
The value of new loan commitments for owner occupier housing increased by 1.2%. On the other side investor housing dropped by 2.5%.
During March 2020, the value of new loan commitments for fixed-term personal finance slipped 8.2% due to lower lending for road vehicles along with the severe decline in much smaller travel & holiday series.
Disclaimer
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.
