Jul 19, 2016
Four facts about Australia's Recent Lending Data
Four facts about Australia’s Recent Lending Data
Recent data revealed by Australian Bureau of Statistics led to a hit in property market with total lending finance plunging by 3.2 per cent in May 2016, which attributes to the second consecutive fall. A drop in financing across all sectors measured was the key highlight.
Overall 17-month low value for lending: Lending in May was of the order of $67.5 billion which signified a 7% drop over the…
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