Australian banks Australian interest rates

Time for APRA to target macroprudential at Sydney and Melbourne?

Friday, 29 July 2016

APRA has released its June banking statistics and the mystery of why house prices are still rising at all deepens as investor lending continues to slow well below APRA’s macroprudential thresholds. System growth for the year to end of June fell to 3.1%:

And month on month was only a little higher at 0.3%:

The only major bank that is accelerating specufestor lending with any gusto is CBA but even it is only at 1.2% year on year.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.