Volumes of residential lending have dipped downwards during the month of July, according to the latest figures from the
Australian Prudential Regulation Authority (APRA).
The regulator’s latest
Monthly Banking Statistics report that the total volume of resi lending sits at $1.58trn. This represented an increase of $5.8bn (or 0.4%) over the month, far less than the $9.8bn increase reported across June.
For July, owner occupier lending again sat at $1.02trn, around 64.9% of all residential lending. This was an increase of $5.1bn (or 0.5%) from the month before.
The remaining $553bn (or 35.1% of all lending) was made up of investment loans. This represented a rise of only $469m (or less than 0.1%) from the month before.
The big four banks held just over $1.3trn (or 82.6%) of the total banking market share remaining unchanged since the previous month. Of this, $829bn was in owner occupied loans while $472bn was in investment lending.
The individual figures for lending at the big four banks are found below:
| |
Owner occupied (July) |
Owner occupied (June) |
Investor (July) |
Investor (June) |
| ANZ |
$166.1bn |
$165.0bn |
$82.7bn |
$82.8bn |
| CBA |
$278.4bn |
$277.3bn |
$138.2bn |
$138.7bn |
| NAB |
$142.1bn |
$141.4bn |
$103.5bn |
$103.4bn |
| Westpac |
$242.1bn |
$241.3bn |
$147.6bn |
$146.8bn |
Growth was seen in owner occupied lending across all major banks. Investment lending at CBA and Westpac fell between June and July however.
The following non-major lenders also reported a significant number of owner occupier and investor loans:
| |
Owner occupied (July) |
Owner occupied (June) |
Investor (July) |
Investor (June) |
| AMP Bank |
$9.5bn |
$9.2bn |
$2.9bn |
$2.9bn |
| Bank of Queensland |
$16.2bn |
$16.1bn |
$11.1bn |
$11.2bn |
| Bendigo and Adelaide Bank |
$22.8bn |
$22.9bn |
$11.8bn |
$11.8bn |
| ING Bank |
$32.9bn |
$32.8bn |
$9.6bn |
$9.6bn |
| Macquarie Bank |
$18.9bn |
$18.8bn |
$8.6bn |
$8.6bn |
| ME Bank |
$12.6bn |
$12.4bn |
$5.3bn |
$5.3bn |
| Suncorp |
$29.1bn |
$28.8bn |
$12.0bn |
$11.8bn |
Owner occupier lending rose at AMP, Bank of Queensland, ING, Macquarie, ME and Suncorp while it fell slightly at Bendigo and Adelaide Bank. Levels of investment lending went up at Suncorp and fell at Bank of Queensland while remaining stable at the other larger non-major lenders.
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