24 October 2012
Australian consumers remain cautious in their attitude to credit despite RBA rate cuts; Govt's mid-year budget review may reinforce trend
- Overall consumer credit demand falls 1% year on year
- Credit card applications down 10% year on year
- Personal loan applications up 7% year on year
- Mortgage enquiries remain flat
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12 October 2012
Growth in business credit enquiries picks up after RBA cuts
- Growth in business credit applications up 6.8% year on year
- Mining states show asset finance enquiries growth of 13.8% compared with 7.0% in non-mining states
- Results show seven quarters of consecutive growth in business credit activity
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