Business Services Industry
Debtors no longer taking it personally.
Australasian Business Intelligence, July, 2005
Jul 18, 2005 (The Australian Financial Review - ABIX via COMTEX)
The outlook for the Australian economy is being clouded by contradictions between indicators. One further example is home lending, which is healthy despite a marked slowdown in the housing market. In May 2005, new loans to existing home buyers totalled $A6.3 billion. This is only six per cent below October 2003, when lending reached its peak. ABN Amro notes that personal lending has slumped, suggesting a switch to home equity loans, where interest rates are lower.
Publication Date: 19 July 2005
ABN AMRO AUSTRALIA LIMITED:
RESERVE BANK OF AUSTRALIA
By David Bassanese
All copyright subsisting under the Copyright Act 1968 (Commonwealth) resides in us.
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