Resi lending surges by $10bn in June

by Miklos Bolza01 Aug 2017
The total volume of residential lending amongst the banks, including owner occupier and investor loans, has shot past $1.57trn, according to the newest figures from the Australian Prudential Regulation Authority (APRA).

The regulator’s latest Monthly Banking Statistics show that total lending increased by $9.8bn (or 0.6%) between May and June.

Owner occupier loans sat at just over $1trn and represented 64.8% of total loans as of June. This was an increase of $7.4bn (or 0.7%) from the month before.

The remaining $552bn (or 35.2% of total lending) was made up of investment loans – an increase of $2.4bn (or 0.4%) from the previous month.

The big four banks held $1.3trn in residential lending in June or 82.6% of the total banking market share. Of this, $825bn was in owner occupier loans while $472bn was in investment lending.

The individual figures for lending at the big four banks are found below with each number listed in billions of dollars:
 
  Owner occupied (June) Owner occupied (May) Investor (June) Investor (May)
ANZ $165.0 $163.3 $82.8 $82.5
CBA $277.3 $276.7 $138.7 $139.3
NAB $141.4 $140.4 $103.4 $102.7
Westpac $241.3 $239.4 $146.8 $145.2

Growth was seen in owner occupier and investment lending across all major banks.

The following non-major lenders also reported a significant number of owner occupier and investor loans with all figures once more listed in billions of dollars:
 
  Owner occupied (June) Owner occupied (May) Investor (June) Investor (May)
AMP Bank $9.2 $8.9 $2.9 $2.9
Bank of Queensland $16.1 $15.9 $11.2 $11.2
Bendigo and Adelaide Bank $22.9 $22.9 $11.8 $11.9
ING Bank $32.8 $32.6 $9.6 $9.5
Macquarie Bank $18.8 $18.5 $8.6 $8.6
ME Bank $12.4 $12.1 $5.3 $5.2
Suncorp $28.8 $28.5 $11.8 $11.7

For the second tier banks, owner occupier lending rose for all except Bendigo and Adelaide Bank which remained relatively stable. Levels of investment lending were a little more uneven with AMP, Bank of Queensland and Macquarie Bank remaining basically unchanged, Bendigo and Adelaide Bank decreasing, and ING Bank, ME Bank and Suncorp all increasing.

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