The RBA's August mortgage figures are worrying.
The RBA's August mortgage figures are worrying.

Property lending softens again: RBA

The pace of lending to property buyers grew only slightly in August, below the rate in July, according to statistics from the central bank that have defied economists' expectations.

The numbers showed overall private sector credit grew 0.2 per cent - below market consensus forecasts of a 0.3 per cent rise - and that credit for mortgages increased 0.2 per cent compared to a 0.3 per cent rise in the previous month while credit to business was up 0.2 per cent and personal credit fell 0.2 per cent.

The financial aggregates data released by the Reserve Bank of Australia on Monday indicated overall credit rose 2.9 per cent over the past year as housing credit grew 3.1 per cent - the slowest growth rate since records started in 1976 - and business credit gained 3.4 per cent as personal credit fell 3.4 per cent in the 12 months to August.


Truck driver busted with drugs on CQ highway

premium_icon Truck driver busted with drugs on CQ highway

The Central Queensland man was intercepted by police on a popular highway.

Huge step: $14.5M CQ drug rehab centre tender released

premium_icon Huge step: $14.5M CQ drug rehab centre tender released

BIG READ: Full details of facility revealed in exclusive documents

How CQ residents embraced group of stranded backpackers

premium_icon How CQ residents embraced group of stranded backpackers

They were welcomed by Central Highlands businesses who gave them a fair go.