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Published on: Friday, May 15, 2009

Yesterday we saw new lending commitments soar by 12.9% in March, the third gain in lending in four months and the strongest increase in 21 months. Commercial lending went up by over 20% in March. Housing lending lifted over 7% in March with loans to build new homes at record highs. Loans to buy blocks of land also hit record highs with renovation loans near three-year highs. (Craig James, CommSec) 


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