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Lending has recorded strong growth over the past year, although the commercial sector has grown almost twice as fast as the residential market.
The Australian Bureau of Statistics has reported that owner-occupier housing finance reached $16.9 billion in September – up 7.3 per cent on the previous year.
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Commercial finance increased 13.9 per cent to $40.8 billion.
Personal finance lending also climbed nine per cent to $8.4 billion, while leasing finance jumped 18 per cent to $453 million.
Meanwhile, RP Data has reported an increase in auction activity.
There are 2,907 auctions scheduled across Australia's capitals this week – a 3.3 per cent increase on the previous year.
Sydney's scheduled auction numbers have risen 4.8 per cent to 1,152, while Melbourne is up 5.4 per cent to 1,338.
There are only 417 auctions scheduled for the other six capitals.
[Related: Investor lending share rises to 41.4pc]
