Australian banks Australian interest rates Australian Property

Property investor rebound not enough for macroprudential

Wednesday, 30 June 2021

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:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.