Investment and housing lending has reached $1.33 trillion, the Reserve Bank of Australia’s latest report shows.
report on financial aggregates to January 2014, released Friday, show investment loans account for 32.9% of all loans – the highest ever recorded.
Mortgage aggregates grew by 0.6% in January and by 5.6% for the 12 months to January.
Investor housing loan aggregates grew by 0.8% in January and by 7.4% for the 12 months to January.
However, Australian Prudential Regulation Authority statistics, also released Friday, beg to differ – although RBA
accounts for all lending, not just ADI’s.
said the mortgage market grew by 0.5% in January and by 5.9% for the 12 months to January.
Bank, ME Bank
and Suncorp grew at or above system, APRA
In January NAB
’s loan portfolio grew by 0.4%, compared with system growth of 0.6%.
Household deposits grew by 0.6% in January, as did loan portfolio growth. For the 12 months to January household deposits grew by 8.9%.