Australian banksAustralian Property

Have banks juked the stats on investor lending?

Leith van Onselen
Friday, 1 July 2016
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By Leith van Onselen

Yesterday’s credit aggregates data from the RBA continued the trend of weakening investor lending to housing, but stronger owner-occupied lending:

ScreenHunter_13795 Jun. 30 11.37

After peaking at 11.0% annual growth in June 2015, annual investor lending growth has slumped to 6.0% as at May 2016. By contrast, annual owner-occupied lending growth has surged from 5.1% to 7.4% over the same period.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.