11 Feb 2015
Australian investor credit growth likely to pique the interest of RBA – ANZ
FXStreet (Barcelona) - David Cannington, Senior Economist at ANZ, comments on the recent housing finance and investor credit growth, noting that the data is likely to pique the interest of the APRA and the RBA.
Key Quotes
“Housing finance picked up in December, revealing stronger growth in investor finance and a welcome increase in owner occupier finance.”
“Today’s data pre-dates last week’s RBA interest rate cut, which will further support housing sales and finance in the coming months.”
“While owner-occupier housing finance has been weak through 2014, investor lending has been charging and today’s data is likely to pique the interest of APRA and the RBA, with investor credit growth already running near the ‘trigger point’ of 10% investor portfolio lending growth.”
Key Quotes
“Housing finance picked up in December, revealing stronger growth in investor finance and a welcome increase in owner occupier finance.”
“Today’s data pre-dates last week’s RBA interest rate cut, which will further support housing sales and finance in the coming months.”
“While owner-occupier housing finance has been weak through 2014, investor lending has been charging and today’s data is likely to pique the interest of APRA and the RBA, with investor credit growth already running near the ‘trigger point’ of 10% investor portfolio lending growth.”