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:

But the monthly breakdown does show a material move by the big two ponzi-banks, CBA and WBC, into easier lending:

And this includes a first half month that was sure to be weak pre-election. ANZ and NAB are still offsetting the upturn.

It’s obviously too early to make any concrete calls. But we can say that the two biggest banks appear to have loosened the specufestor spiggot, and/or demand is up, and that they usually lead the market and house prices.

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