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RBA Glossary definition for borrower

borrower – A person or entity that incurs a debt to a lender on agreed terms.

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Financial Aggregates November 2015

31 Dec 2015 Statistics
of borrowers have changed the purpose of their existing loan; the net value of switching of loan purpose from investor to owner-occupier is estimated to have been $32.5 billion
https://www.rba.gov.au/statistics/frequency/fin-agg/2015/fin-agg-1115.html