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New lending to households rises 3.2%
The value of new lending commitments to households rose 3.2 per cent in August 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) figures. The rise in new lending commitments to households in August follows a 4.3 per cent rise in July and a 1.8 per cent rise in June 2019. ABS Chief Economist, Bruce Hockman said: “In August, new lending commitments to households rose for the third straight month.” “Strong refinancing activity was seen for the second month in a row, while new lending commitments for investment dwellings recorded the strongest monthly growth since September ... (full story)