APRA is out with January lending numbers and specufestors continue to take it on the chin. The year on year growth rate is now down to just 1.9%:
| ANZ | CBA | MAC | NAB | WBC | BOQ | BEN | SUN | Total | |
| Jan-18 | 2.0 | -3.6 | -3.0 | 4.5 | 6.1 | -0.3 | 0.0 | -0.2 | 1.9 |
| Dec-17 | 2.0 | -2.9 | -5.0 | 5.8 | 5.9 | -1.5 | 1.0 | 0.3 | 2.2 |
| Nov-17 | 2.4 | -2.0 | -6.8 | 5.4 | 6.2 | -3.0 | 1.8 | 1.2 | 2.5 |
| Oct-17 | 2.5 | -0.8 | -8.0 | 5.4 | 6.7 | -2.9 | 3.6 | 1.5 | 3.0 |
| Sep-17 | 2.5 | -0.1 | -8.6 | 5.7 | 7.1 | -3.8 | 5.7 | 0.6 | 3.4 |
| Aug-17 | 2.4 | 0.9 | -8.3 | 5.8 | 7.4 | -4.5 | 6.2 | 2.0 | 3.8 |
| Jul-17 | 2.2 | 1.9 | -6.3 | 5.9 | 7.4 | -5.7 | 7.9 | 0.7 | 4.0 |
| Jun-17 | 1.8 | 5.7 | -6.6 | 6.0 | 7.2 | -6.3 | 8.8 | -0.3 | 4.9 |
| May-17 | 0.9 | 7.3 | -6.6 | 5.3 | 6.7 | -6.5 | 3.3 | -0.1 | 4.8 |
| Apr-17 | 0.2 | 8.2 | -6.0 | 5.1 | 6.1 | -7.2 | 3.7 | 1.5 | 4.7 |
| Mar-17 | -0.4 | 8.4 | -6.3 | 4.9 | 5.7 | -6.9 | 4.4 | 2.8 | 4.6 |
| Feb-17 | -1.1 | 8.4 | -6.1 | 4.6 | 5.5 | -6.4 | 5.6 | 5.2 | 4.4 |
| Jan-17 | -1.7 | 7.9 | -5.7 | 4.6 | 5.1 | -3.2 | 4.9 | 4.5 | 4.2 |
Only WBC and NAB are holding up and even they are fading. The chart:
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There’ll be some offset in the non-bank sector but given the dominant market share of these banks, and the fact that investors are the marginal price setter in property, you’d be hard-pressed to see anything other than more downside for house prices right here.
