Home loans fell 1.6% in Aug

Home loans, personal loans and commercial loans have all fallen, with lease loans the only category of lending to grow, official figures show.

Home loans for owner occupiers have fallen 1.6 per cent to $19.5 billion, but lease finance have jumped 2.6 per cent to $504 million.

Meanwhile, the value of new personal loans slumped 4.3 per cent to $6.8 billion in August, compared to July's $7.1 billion, the Australian Bureau of Statistics' latest figures, released on Friday, show.

Commercial loans, which include investor mortgages, dipped 0.4 per cent to $39.5 billion, from $39.7, the seasonally adjusted figures show.


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Source: AAP


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