Have banks juked the stats on investor lending?

Thursday 30 June 2016

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

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.