Resi lending surges by $5bn

Volumes of residential lending across Australia’s banks have grown by $5bn during the month of September driven primarily by greater volumes of owner-occupier mortgages.

The Australian Prudential Regulation Authority’s (APRA’s) latest Monthly Banking Statistics show that the total volume of residential lending now sits at $1.58trn representing a 0.32% increase from the previous month.

For September, owner occupier lending took up $1.03trn (or 65.2%) of the total residential mortgage book while investor lending sat at $550m (or 34.8%). Owner occupier lending grew by $4.9bn from the month before while investor lending increased by a measly $218m.

The big four banks held just over $1.3trn in residential lending which accounted for 82.6% of total market share between ADIs. Of this, $834.2bn was in owner occupied loans while $469.9bn was in investment lending.

The individual figures for the big four banks in the month of September are as follows:
 

	Owner occupied (Sept)	Owner occupied (Aug)	Investor (Sept)	Investor (Aug)
ANZ	$168.6bn	$167.3bn	$82.6bn	$82.5bn
CBA	$277.0bn	$275.6bn	$133.9bn	$134.3bn
NAB	$144.0bn	$143.1bn	$104.2bn	$104.0bn
Westpac	$244.6bn	$243.7bn	$149.2bn	$148.5bn

Growth was seen in owner occupier lending across all big four banks while investment lending saw growth in all major lenders except CBA.

The following non-majors also reported a significant number of owner occupier and investor loans:
 

	Owner occupied (Sept)	Owner occupied (Aug)	Investor (Sept)	Investor (Aug)
AMP Bank	$9.9bn	$9.7bn	$2.8bn	$2.8bn
Bank of Queensland	$16.2bn	$16.2bn	$11.1bn	$11.1bn
Bendigo and Adelaide Bank	$22.6bn	$22.4bn	$11.7bn	$11.7bn
ING	$33.5bn	$33.2bn	$9.6bn	$9.6bn
Macquarie Bank	$18.7bn	$18.4bn	$8.2bn	$8.3bn
ME	$12.7bn	$12.9bn	$5.2bn	$5.3bn
Suncorp	$28.6bn	$29.4bn	$11.9bn	$12.1bn