ScoMo’s property miracle stillborn: specufestor lending fizzles

APRA is out with monthly banking statistics for June, the first clean post-election month. The news is investment mortgages are still on the nose. The stock of loans is still falling:

ANZ CBA MQG NAB WBC BOQ BEN SUN Total
Jun-19 76774 133761 12643 104660 153525 11340 12811 11756 517270
May-19 77473 133400 12532 104681 153096 11320 12932 11694 517128
Apr-19 78018 133093 12465 105036 152588 11332 12851 11697 517080
Mar-19 78470 132904 12372 105379 152393 11333 12772 11724 517347
Feb-19 78936 132916 12320 105645 152368 11352 12649 11755 517941
Jan-19 79366 132960 12223 105757 152323 11364 12597 11745 518335
Dec-18 79790 133045 12103 105869 152453 11366 12554 11784 518964
Nov-18 80187 132812 11938 106081 152318 11534 12538 11738 519146
Oct-18 80470 132705 11791 105982 152432 11318 12467 11700 518865
Sep-18 80916 132539 11602 105750 152770 11346 12416 11622 518961
Aug-18 81260 132838 11407 105688 152844 11336 12296 11579 519248
Jul-18 81519 132764 11091 105512 153034 11347 12206 11579 519052
Jun-18 81797 132971 10679 105502 153256 11319 12153 11598 519275

Month on month growth is zero:

ANZ CBA MAC NAB WBC BOQ BEN SUN Total
Jun-19 -0.9 0.3 0.9 0.0 0.3 0.2 -0.9 0.5 0.0
May-19 -0.7 0.2 0.5 -0.3 0.3 -0.1 0.6 0.0 0.0
Apr-19 -0.6 0.1 0.7 -0.3 0.1 0.0 0.6 -0.2 -0.1
Mar-19 -0.6 0.0 0.4 -0.3 0.0 -0.2 1.0 -0.3 -0.1
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

WBC and CBA are trying. NAB is stalled and ANZ still going out of business. The chart:

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