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Today’s Lending Finance data for May, released by the ABS, revealed an across-the-board rise in lending, with total finance commitments, owner-occupied housing finance commitments, and personal finance commitments also hitting record highs.
The below charts, which track lending on a trend basis, illustrate the current state of play.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.