Won't spend too much time on this, as the Financial Aggregates figures relate to before APRA's latest round of changes and therefore the landscape has once again shifted.
The Reserve Bank's latest figures showed credit growth of 0.3 percent in February, following on from a result of just 0.2 percent in January.
Housing credit increased by 0.6 percent in the month, but both business and personal credit growth were negative.
Over the year to February housing credit increased by 6.4 percent down from 7.3 percent a year ago, with investor credit rising a notch further to 6.7 percent.
Annual credit growth slowed to 5 percent from 6.6 percent a year ago.
Business credit growth in particular has slowed from 6.5 percent a year ago to just 3.7 percent.
There are many ways to fund business expansion,of course, but this doesn't necessarily bode well for the business investment outlook.
As a result, housing now accounts for a record 61.7 percent of outstanding credit.
