A relatively soft ABS Lending Finance release for the month of October revealed commercial lending declining for a fourth month to be 7.5 percent lower than...
A relatively soft ABS Lending Finance release for the month of October revealed commercial lending declining for a fourth month to be 7.5 percent lower than June 2014. This leaves markets weighing up the perceived need for further interest rate cuts with the rhetoric of the RBA Governor during an interview withe AFR this week. Further muddying the waters was the data buried withing the Lending Finance release which showed that while investment property loans have increased significantly in each of the four major capitals in the past year. NSW (i.e. Sydney) loans have continue to boom at an astonishing rate to another new record high in October 2014. The case for regulatory intervention thus further gathers a head of steam. (VIEW LINK)
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