Via APRA banking stats for December. Monthly investor mortgages from the Big 8 rose to their equal highest since the reopening at 0.2% on the month as all majors bar NAB accelerate into the segment:
Led by Mad Macquarie:
Annual growth is still down -1.8%:
The monthly growth rate is still very low historically speaking but likely to accelerate from here and impart marginal pressure on house prices.
I wouldn’t expect the RBA and APRA to be upset about it until the average monthly rate doubles from here and runs for a year or more.