Australia – closer look at the private credit data

The private credit lending data is here

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A closer look shows:

• lending for housing finance was up 0.6% in December
• This is the biggest jump since December 2010
• On a y/y basis, came in at 5.4%

Lending to housing investors also strong in December:

• up 0.8%m/m and 7.1%y/y