Big specufestor banks rev up mortgages

APRA is out with monthly banking statistics for May. Here is the raw data for investment loans:

	ANZ	CBA	MQG	NAB	WBC	BOQ	BEN	SUN
May-19	77473	133400	12532	104681	153096	11320	12932	11694
Apr-19	78018	133093	12465	105036	152588	11332	12851	11697
Mar-19	78470	132904	12372	105379	152393	11333	12772	11724
Feb-19	78936	132916	12320	105645	152368	11352	12649	11755
Jan-19	79366	132960	12223	105757	152323	11364	12597	11745
Dec-18	79790	133045	12103	105869	152453	11366	12554	11784
Nov-18	80187	132812	11938	106081	152318	11534	12538	11738
Oct-18	80470	132705	11791	105982	152432	11318	12467	11700
Sep-18	80916	132539	11602	105750	152770	11346	12416	11622
Aug-18	81260	132838	11407	105688	152844	11336	12296	11579
Jul-18	81519	132764	11091	105512	153034	11347	12206	11579
Jun-18	81797	132971	10679	105502	153256	11319	12153	11598
May-18	81899	132573	9184	105004	153694	11314	12009	11577

System growth for the big eight fell to zero year on year and month on month:

Here’s the year on year chart which doesn’t show anything alarming except, perhaps, that ANZ is going out business:

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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.