Renewed appetite for commercial credit
By
Adam Smith
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18/10/2011 4:00:00 AM
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Commercial loans have led an increase in lending finance, rising 7.9% during August.
ABS figures show lending finance picked up across the board, with increases for housing finance, personal finance and lease finance following the strong rise in business credit. Owner-occupied housing finance rose a seasonally-adjusted 0.6%, while lease finance increased 6.6% and personal finance saw a 2.2% increase.
Investment property loans also recorded a modest increase for the month, picking up by 0.4% in trend terms. The result is the fourth consecutive rise for investment property finance following 12 consecutive months of decline.
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