Markets

Australians are borrowing to buy houses but not much else

Australians continue to borrow to buy houses but not much else. According to data released by the Australian Bureau of Statistics earlier today, the value of credit extended to Australia’s private sector grew by a paltry 0.3% in January in seasonally adjusted terms, unchanged from the level reported in December. […]
Australians are borrowing to buy houses but not much else
Markets

Australian private sector lending remained steady in July

The aggregate sum of private sector credit rose by 0.5% July, in line with expectations although annual growth in business lending slowed from the previous month. The Reserve Bank of Australia’s monthly summary of credit growth showed that housing credit remains steady, off-setting continued weakness in personal loans such as […]
Australian private sector lending remained steady in July
Markets

Investor loans for Australian housing are slowing

Australian private sector credit expanded by 0.6% in June, a solid result against a consensus forecast rise of 0.2%. The June increase was slightly above the 0.4% rise seen in the previous two months, and was driven by a rebound in business sector credit. The annual increase of 5.4% was […]
Investor loans for Australian housing are slowing