Investor mortgages buckle again

June saw a big rebound after the re-opening and pent-up demand but it didn’t last long. From the big eight banks. Monthly:

ANZ CBA MAC NAB WBC BOQ BEN SUN Total
Jul-20 0.5 0.0 -0.5 -1.1 -0.4 0.9 0.9 -0.4 -0.2
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

And annual, which we can do again as the inept-APRA roll-off of investor loan definition changes transpires:

ANZ CBA MQG NAB WBC BOQ BEN SUN Total
Jul-20 -1.6 1.0 28.4 -7.3 -4.3 -4.0 8.6 0.9 -1.8
Jun-20 11.9 17.3 70.3 2.4 16.1 1.1 14.2 6.5 13.8
May-20 10.2 17.4 69.9 2.7 16.2 1.4 11.9 7.4 13.5
Apr-20 9.0 17.8 74.3 2.9 17.0 1.5 11.6 7.5 13.8
Mar-20 8.4 18.0 71.5 3.2 18.0 4.5 12.1 7.7 14.1
Feb-20 8.3 18.0 68.3 3.6 18.5 4.3 11.7 7.8 14.2
Jan-20 8.1 17.9 65.8 3.9 18.7 4.4 11.6 7.8 14.2
Dec-19 7.7 17.7 62.2 4.6 18.9 4.7 11.3 4.0 14.1
Nov-19 7.4 17.6 58.2 4.9 19.3 3.6 10.4 4.8 14.1
Oct-19 7.4 17.4 54.0 5.7 19.6 5.7 10.2 5.4 14.2
Sep-19 7.1 17.5 48.8 6.6 20.5 5.6 10.2 6.3 14.5
Aug-19 7.2 17.1 51.7 7.4 21.0 6.3 10.9 6.8 14.9
Jul-19 7.6 17.1 50.6 8.3 21.3 6.2 11.3 6.7 15.2

The charts are weak. Stock is falling again:

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