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Lending growth in Australia is strong despite the impact of tightening global credit markets according to Deloitte.
The residential mortgage sector has shown good performance in loan settlement volumes, with growth of nine per cent per annum.
Deloitte’s third annual Australian mortgage report, released Friday November 2, also revealed that lending across Australia reached $26 billion in the month of June this year – the highest ever recorded.
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“Given the context of the global issues, this year’s rolling figure of nine per cent per annum [growth] shows considerable resilience,” said Deloitte financial services partner James Hickey.
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