Borrowings up

THE level of personal lending has increased 4.7 per cent in February, according to the Australian Bureau of Statistics, after a 1.1 per cent drop in January, seasonally adjusted. Personal finance lending has increased from $5.8 billion in January to $6.1 billion in February. Fixed lending increased by 5.9 per cent to $2.7 billion, while revolving credit commitments grew 3.8 per cent to $3.5 billion.

Of fixed lending, nearly $900 million is to buy an existing or used car, $242 million for debt consolidation and $448 million for refinancing.

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer