APRA monthly investor mortgages are out for September and there isn’t much joy here for house prices. The ANZ tearaway cratered, CBA is firm but the other two majors are retrenching for net result of zero growth:
Year on year is falling steadily
For a “community bank” Bendigo sure looks like a credit cavalier. Still, it can’t compete with Mad Macquarie:
Some of this will doubtless be impacted by the Melbourne lockdown. Perhaps, especially, ANZ.
Even so, investor mortgages remain historically very weak and there is no house price support here. For now, owner-occupiers are on their own. If only they had the sense to let the market fall.