The Lending Worm Is Turning Now!

The ABS finally released their November 2022 New Lending stats today. Overall new loan commitments fell 3.7% in the month, and apart from refinancing, which hit a record, all other loan categories dropped to levels which in some cases were below pre-COVID levels.

First time buyers were hit hard.

More signals of a falling property market ahead.

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Go to the Walk The World Universe at https://walktheworld.com.au/

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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