Australia's total private sector credit recorded a 0.6% month-on-month increase and an 8.4% year-on-year rise in seasonally adjusted terms in September, according to Reserve Bank figures released on Friday.
Housing credit was up 0.4% month-on-month and 7% year-on-year, while personal credit delivered a 0.3% month-on-month increase and a 4.8% year-on-year rise.
Meanwhile, lending to non-financial businesses grew 0.9% month-on-month and over 11% year-on-year.
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