Commercial finance takes a dive

by Caroline Dann17 Jul 2012

Activity in commercial lending dropped a whopping 12% in May, according to figures released by the ABS, while housing finance grew 0.2%.

The report's seasonally adjusted figures hinted at difficult times for commercial brokers.

The overall value of commercial lending fell from $35bn to $31bn in the space of a month.

In personal finance, activity remained steady with a growth of 0.4%.

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