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While home lending continues to increase off the back of the first home buyer incentives commercial financing activity continues to slide.
According to the latest figures released by the ABS yesterday, commercial financing decreased by 14.7 per cent in February, seasonally adjusted, to $25.053 billion.
This represented a drop of 45 per cent from February last year.
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In contrast, housing finance activity in February sat at $14.509 billion – just 3 per cent lower than February 2008.
Personal finance activity is also down by 13 per cent.
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