Watch FIFA World Cup 2026™ LIVE, FREE and EXCLUSIVE

Commercial lending jumps 8% in September

ABS

Commercial loans - including mortgages to investors - rose by eight per cent in September. (AAP) Source: AAP

Commercial loans - including mortgages to investors - rose by eight per cent in September, according to data released by the ABS.


Commercial loans including mortgages to investors jumped eight per cent to $45.63 billion in September, after falling slightly in August.

The value of home loans to owner occupiers fell 4.2 per cent for the month, to $19.37 billion, seasonally adjusted figures from the Australian Bureau of Statistics released on Tuesday showed.

Personal loans fell 0.2 per cent to $5.95 billion in September, while lease finance was down 3.4 per cent to $601,309 million, having fallen 5.2 per cent in August.

On Friday, the ABS revealed owner-occupier mortgages approved dropped by 1.0 per cent in September as the property market sags and banks tighten lending.


Share

Follow SBS Korean

Download our apps

Listen to our podcasts

Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS

Korean News

Watch it onDemand

Watch now