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Mortgage finance growth has slowed sharply during the past 12 months, according to new data.
The Australian Bureau of Statistics reported that there was $17.1 billion of housing finance for owner-occupiers in October 2014.
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That marked an increase of 5.7 per cent on the previous year – however, it was well down on the 16.7 per cent growth recorded between October 2012 and October 2013.
Commercial finance volumes jumped 15.4 per cent to $39.6 billion for the 12 months to 31 October 2014.
Personal finance rose 14.0 per cent to $8.9 billion, while leasing finance climbed 11.7 per cent to $428 million.
Meanwhile, the Australian Bureau of Statistics has reported bad news based on another important economic indicator.
There were 91,869 new motor vehicle sales in November – down 3.8 per cent on the previous year.
NSW increased its vehicle sales by 0.3 per cent, but the other states and territories posted declines.
Tasmania fell by 15.4 per cent, Western Australia by 7.7 per cent and Queensland by 7.2 per cent.
There were also drops of 6.9 per cent for the ACT, 4.1 per cent for South Australia, 4.0 per cent for Northern Territory and 3.4 per cent for Victoria.
[Related: Loan approval volumes up 10.3pc]
