Perhaps this is not that surprising given extraordinarily low mortgage rates, and and in an era where the record use of mortgage offsets and redraw probably aren't captured with any clarity in these figures.
Domestic commercial lending to the mining sector was never really a major player, with resources projects often funded through equity rather than debt.
Nevertheless as a worthy indicator it is worth noting that resources investment is in total disarray, with annual commercial lending to the mining sector having imploded, down by more than half in the last year.
Property investor loans
Although this figure remains well below the rip-snorting $6.3 billion seen a year ago, it represents a very significant increase of more than a third over the past three months.