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Commercial loans soar 9% in July

AAP logoAAP 12/09/2016

Home loans for owner occupiers have fallen 3.1 per cent to $19.9 billion, but commercial loans, which include investor mortgages, have soared nine per cent to $38.9 billion.

Meanwhile, the value of new personal loans in July jumped 3.9 per cent to $7.1 billion, compared to June's $6.9 billion, Australian Bureau of Statistics lending finance figures released on Monday show.

Lease Loans, however, slumped 8.7 per cent to $491 million, the seasonally adjusted figures show.

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