Housing loans “still growing well above income”

30 October 2017

 

The pace of lending to the private sector by financial institutions in Australia has maintained its recent pace in September. Lending to home owners continued to be the main driver of loan growth while the rate of growth in lending to the business sector remained well below its long-term average. According to the latest RBA figures, private sector credit grew by 0.3% in September, down from the 0.5% growth recorded...

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