Investment and housing lending has reached $1.33 trillion, the Reserve Bank of Australia’s latest report shows.
The
RBA 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.
APRA said the mortgage market grew by 0.5% in January and by 5.9% for the 12 months to January.
AMP Bank,
ANZ, Citibank, Macquarie Bank,
ME Bank and Suncorp grew at or above system, APRA said.
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%.
