Renovation finance tanks

Wednesday 12 December 2018

Today’s Lending Finance data for October, released by the ABS, revealed that personal and renovation finance continues to collapse.

Personal finance commitments were down 8.2% over the year, are down 25% since the March 2013 peak, and are tracking at the lowest level since December 2002:

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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.