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AUSTRALIA RECORD JUMP IN PERSONAL LENDING IN JUNE.
SYDNEY, Aug 1 Asia Pulse - Australia recorded its biggest-ever monthly jump in personal lending during June, as borrowers pumped the cash into their superannuation funds ahead of a tax-free deadline.
Personal loans surged 3.6 per cent during the month, and Fairfax newspapers report some borrowers injected up to $A1 million ($US849,150) into their retirement savings.
Cash placed into a superannuation fund before the federal government's June 30 deadline can ...
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Source: HighBeam Research, AUSTRALIA RECORD JUMP IN PERSONAL LENDING IN JUNE.