APRA investor mortgages still cooling

We need to take this data with a big grain of salt given the number of mysterious portfolio adjustments going on but the big slowdown in investors lending continued into January in the top six banks, here are the growth rates:

	ANZ	CBA	MAC	NAB	SUN	WBC
Jan-16	3.9	3.4	36.5	52.5	-5.1	-7.7
Dec-15	5.0	4.2	40.6	53.7	-2.5	-7.2
Nov-15	6.0	4.9	45.5	55.1	0.5	-6.4
Oct-15	7.1	6.1	48.5	55.6	5.2	-6.0
Sep-15	8.4	7.9	66.3	56.6	4.8	5.2
Aug-15	10.2	9.7	72.0	57.0	5.6	7.3
Jul-15	11.7	10.1	79.1	58.0	11.7	11.7
Jun-15	12.0	10.2	81.6	14.0	11.1	9.9
May-15	11.8	9.9	86.8	14.1	11.6	10.0
Apr-15	11.7	9.5	74.8	13.9	12.1	10.3
Mar-15	11.4	9.3	79.3	13.6	12.1	10.4
Feb-15	11.1	9.2	71.0	13.3	14.1	10.2
Jan-15	11.1	9.2	73.1	13.0	12.5	10.4

And the trends:

The total book is virtually stalled and the year on year growth rate falling fast at 7.2%:

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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.