Australian banks Australian interest rates Australian Property

Westpac pumps investor mortgages as CBA pulls plug

Monday, 30 April 2018

APRA is out with end of month lending totals today and housing investors continue to ease up with monthly growth at just 0.1% in the top eight banks and only 1.6% year on year:

Interestingly, of the big four only WBC persists with above system growth:

These are March numbers, before the recent tightening, so I reckon even the WBC specfestor rogue will be slowing now.

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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.