The latest Australian Bureau of Statistics lending data shows while housing and personal finance lending declined in seasonally adjusted terms, commercial lending rose.
The total value of owner-occupied housing commitments rose 0.1% in March from February in trend terms, but fell 1.2% when seasonally adjusted.
Within housing finance (including owner occupied, investment, refinance and alterations) there was a fall of $318m from February to March.
The value of total personal finance commitments rose 0.3% in the trend series in March but fell 1.7% when seasonally adjusted. Revolving credit commitments fell 4.2%, while fixed lending commitments rose 0.3%.
However, the trend series for the value of total commercial finance commitments rose 1.4% and when seasonally adjusted rose 2.8% in March, after a fall of 2.6% in February.