#finance commitments

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…