Commercial loans dive 7.1% in January

(Australian Associated Press)

Business and investor loans dived 7.1 per cent in January, while housing finance to owner occupiers declined by 0.2 per cent.

The fall in commercial finance, which includes business loans and loans for property investors, follows a 12.5 per cent drop in December, according to seasonally adjusted figures from the Australian Bureau of Statistics.

Home loans for owner-occupiers fell 0.2 per cent in January to $20.1 billion.

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