Specufestor mortgages boomed back as economy reopened

Never take your Aussie house price falls for granted. Via APRA this morning comes June lending data. Month on month:

	ANZ	CBA	MAC	NAB	WBC	BOQ	BEN	SUN	Total
Jun-20	0.7	0.2	1.1	-0.3	0.3	-0.1	1.1	-0.4	0.2
May-20	0.4	-0.1	-2.0	-0.6	-0.4	-0.1	0.9	-0.1	-0.3
Apr-20	-0.1	0.0	2.3	-0.7	-0.7	-3.0	0.2	-0.4	-0.3
Mar-20	-0.5	0.0	2.3	-0.6	-0.4	0.1	1.3	-0.4	-0.2
Feb-20	-0.4	0.1	2.2	-0.4	-0.2	-0.2	0.5	0.0	-0.1
Jan-20	-0.2	0.1	3.2	-0.8	-0.3	-0.3	0.6	3.2	0.0
Dec-19	-0.2	0.3	3.8	-0.5	-0.2	-0.4	0.9	-0.4	0.0
Nov-19	-0.3	0.2	3.8	-0.6	-0.3	-0.1	0.8	-0.3	-0.1
Oct-19	-0.3	0.1	4.9	-0.6	-1.0	-0.2	0.4	-0.1	-0.3
Sep-19	-0.6	0.1	-0.2	-0.7	-0.5	-0.6	0.3	-0.1	-0.4
Aug-19	-0.7	0.1	3.5	-0.7	-0.4	0.0	0.4	0.1	-0.2
Jul-19	-0.9	0.3	0.9	0.0	0.3	0.2	-0.9	0.5	0.0
Jun-19	-0.9	0.3	0.9	0.0	0.3	0.2	-0.9	0.5	0.0

In chart form, all major banks accelerated specufestor mortgage lending sharply in June:

Led, as usual, by Mad Macquarie:

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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.