Australian outstanding housing credit hits record $1.407t in October: The RBA released their financial aggregates report for October earlier this morning with...

David Scutt

Scutt Partners

Australian outstanding housing credit hits record $1.407t in October: The RBA released their financial aggregates report for October earlier this morning with total consumer credit expanding by 0.6% leaving the annual rate of growth at 5.7%. From a year earlier housing credit expanded 7.0%, the fastest pace since January 2011, while business credit grew 4.3%, a level last seen in June 2012. Personal credit, the long-time laggard of the three, rose a measly 1%, a level has it has oscillated around for more than a year. (VIEW LINK)


David Scutt
David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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