Markets

The rapid decline in interest-only mortgage lending in Australia, in one chart

APRA, Australia’s banking regulator, introduced restrictions on interest-only mortgage lending in March last year. New data shows the proportion of interest-only lending as a percentage of new mortgage plummeted in the December quarter last year. The RBA says the measures have been “helpful in containing the build-up of risk in […]
The rapid decline in interest-only mortgage lending in Australia, in one chart
Markets

Australian home loan lending remains subdued

The value of Australian home loan lending inched higher in January, led by borrowing by investors. Lending fell by over 2% from a year earlier, driven lower by a sharp decline in investor finance as a result of recent restrictions on interest-only loans. The proportion of owner-occupier loans to first […]
Australian home loan lending remains subdued
Markets

Home loans to Australian owner-occupiers surged in May

Australian home loans grew both in terms of number and amount in May, according to data released by the Australian Bureau of Statistics (ABS) earlier today. However, the strength was entirely driven by owner-occupiers with the value of investment lending continuing to fall. Over the month, the ABS said that […]
Home loans to Australian owner-occupiers surged in May
Markets

Lending to Australian housing investors surged again in November

The value of lending to Australian housing investors soared in November, continuing the rebound seen following a regulator-enforced slowdown in 2015. According to the ABS, the value of investor lending jumped by 4.9% to $13.269 billion in seasonally adjusted terms, the largest monthly total since June 2015 and the sixth […]
Lending to Australian housing investors surged again in November