APRA’s monthly banking statistics have nothing but bad news for house price. Here are the year on year growth rates in investor mortgages in the big eight banks:
ANZ | CBA | MQG | NAB | WBC | BOQ | BEN | SUN | Total | |
Feb-19 | -4.5 | 0.0 | 43.2 | 0.6 | 0.4 | 0.2 | 7.3 | -1.3 | 0.4 |
Jan-19 | -4.2 | -0.1 | 44.4 | 0.7 | 0.9 | 0.8 | 7.0 | -1.4 | 0.6 |
Dec-18 | -3.8 | -0.1 | 44.9 | 0.0 | 1.3 | 1.4 | 6.6 | -1.3 | 0.6 |
Nov-18 | -3.3 | -0.4 | 44.4 | 1.1 | 1.6 | 4.1 | 6.9 | -1.8 | 1.0 |
Oct-18 | -2.8 | -0.9 | 43.4 | 1.4 | 1.9 | 1.5 | 6.4 | -2.1 | 1.0 |
Sep-18 | -2.0 | -1.0 | 41.2 | 1.5 | 2.4 | 2.0 | 5.8 | -2.1 | 1.2 |
Aug-18 | -1.5 | -1.1 | 37.5 | 1.7 | 2.9 | 2.0 | 5.0 | -4.1 | 1.3 |
Jul-18 | -1.4 | -1.5 | 29.5 | 1.9 | 3.6 | 2.2 | 3.7 | -3.2 | 1.4 |
Jun-18 | -1.2 | -4.2 | 24.4 | 2.0 | 4.4 | 1.5 | 2.8 | -2.1 | 0.8 |
May-18 | -0.7 | -4.8 | 6.9 | 2.3 | 5.9 | 1.0 | 0.7 | -0.8 | 0.8 |
Apr-18 | -0.1 | -4.7 | 2.9 | 2.7 | 6.3 | 2.1 | 0.2 | -0.5 | 1.1 |
Mar-18 | 0.5 | -4.3 | 1.2 | 3.5 | 6.4 | 2.0 | 0.1 | 2.1 | 1.5 |
Feb-18 | 1.4 | -4.0 | -0.7 | 4.0 | 6.3 | 1.5 | -0.7 | -0.1 | 1.7 |
The chart:
Month on month shows there is more slowing ahead:
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ANZ | CBA | MAC | NAB | WBC | BOQ | BEN | SUN | Total | |
Feb-19 | -0.5 | 0.0 | 0.8 | -0.1 | 0.0 | -0.1 | 0.4 | 0.1 | -0.1 |
Jan-19 | -0.5 | -0.1 | 1.0 | -0.1 | -0.1 | 0.0 | 0.3 | -0.3 | -0.1 |
Dec-18 | -0.5 | 0.2 | 1.4 | -0.2 | 0.1 | -1.5 | 0.1 | 0.4 | 0.0 |
Nov-18 | -0.4 | 0.1 | 1.2 | 0.1 | -0.1 | 1.9 | 0.6 | 0.3 | 0.1 |
Oct-18 | -0.6 | 0.1 | 1.6 | 0.2 | -0.2 | -0.2 | 0.4 | 0.7 | 0.0 |
Sep-18 | -0.4 | -0.2 | 1.7 | 0.1 | 0.0 | 0.1 | 1.0 | 0.4 | -0.1 |
Aug-18 | -0.3 | 0.1 | 2.8 | 0.2 | -0.1 | -0.1 | 0.7 | 0.0 | 0.0 |
Jul-18 | -0.3 | -0.2 | 3.7 | 0.0 | -0.1 | 0.2 | 0.4 | -0.2 | 0.0 |
Jun-18 | -0.1 | 0.3 | 14.0 | 0.5 | -0.3 | 0.0 | 1.2 | 0.2 | 0.4 |
May-18 | -0.3 | -0.1 | 3.0 | 0.2 | 0.4 | -0.8 | 0.7 | 0.2 | 0.1 |
Apr-18 | -0.2 | -0.1 | 1.9 | -0.3 | 0.4 | 0.2 | 0.4 | -2.8 | 0.0 |
Mar-18 | -0.4 | -0.1 | 1.6 | 0.1 | 0.5 | 0.5 | 0.8 | -0.2 | 0.1 |
Feb-18 | -0.3 | -0.1 | 1.6 | -0.1 | 0.5 | 0.5 | 0.1 | 0.0 | 0.1 |