Mortgage aggregates grew by 0.6% in January and by 5.6% for the 12 months to January, according to the latest Reserve Bank of Australia figures, released on Friday.
Investor housing loan aggregates grew by 0.8% in January and by 7.4% for the 12 months to January.
Household deposits grew by 0.6% in January – the same rate as loan portfolio growth.
But to the 12 months to January household deposits grew by 8.9%, outperforming mortgage growth.
APRA also released statistics on Friday, showing the mortgage market grew by 0.5% in January and by 5.9% for the 12 months to January.
According to these figures, AMP
Bank, ME Bank
and Suncorp grew at or above system.
But in January NAB
’s loan portfolio grew by 0.4% compared with system growth of 0.6%.