APRA is out with its April mortgage lending figures and the big banks are lifting investor participation in the property boom at a good clip now.
Monthly growth in April was 0.3% and pushing towards levels that APRA last tightened macroprudential rules in 2017. The unemployment rate was around the same then as it is now:
That said, annual growth is still lower than it was then at 0.7% versus 5% in 2017, plus the RBA want to be easier for longer to see “the whites of inflation’s eyes”, so there is no imminent move coming:
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