APRA monthly banking statistics are out and show that investor mortgages are still some distance from triggering macroprudential tightening. May numbers showed monthly growth slowing as Westpac pulled back though this looks more likely to be a portfolio adjustment to me:
Even so, at just 1% year-on-year growth, investors mortgages from the big eight is far below any kind of stability threat:
Except for Australia’s roving cavalier of credit, Mad Macquarie:
But it always seems to get a free pass.