Commercial lending jumps 8% in September

Alex Druce
(Australian Associated Press)


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.

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