Personal finance down 5.5% in September

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The value of new personal loans fell 5.5 per cent in September.

Personal finance commitments, seasonally-adjusted, were worth $8.369 billion in September, the Australian Bureau of Statistics said on Wednesday.

Commercial loans, which include investor housing finance, rose 2.4 per cent to $40.791 billion, while lease finance fell 1.0 per cent to $453 million.

Housing finance for owner occupiers rose 1.4 per cent to $16.930 billion.