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Three banks experienced a fall in mortgage lending to owner-occupiers last year, APRA has revealed.
Bank of China made $249.1 million of owner-occupied loans in December, according to new APRA statistics. That represented a 7.7 per cent drop on the previous year.
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AMP Bank fell 2.6 per cent to $5.7 billion, while ING Direct fell 0.7 per cent to $27.3 billion.
However, all three lenders increased their overall mortgage volumes once investor lending was included.
Bank of China posted investor growth of 12.0 per cent to $404.1 million and overall growth of 3.6 per cent to $653.2 million.
AMP Bank grew its investor lending by 6.2 per cent to $2.7 billion and its overall lending by 0.04 per cent to $8.3 billion.
ING Direct reported investor growth of 2.5 per cent to $10.1 billion and overall growth of 0.1 per cent to $37.3 billion.
Among the big four, NAB led the way with total mortgage growth of 8.4 per cent, followed by ANZ on 8.0 per cent, Westpac on 7.4 per cent and Commonwealth Bank on 6.6 per cent.
NAB grew its owner-occupied lending by 7.0 per cent to $159.2 billion and its investor lending by 12.4 per cent to $62.3 billion.
ANZ’s owner-occupied lending climbed 7.1 per cent to $143.1 billion and its investor lending climbed 10.1 per cent to $57.9 billion.
Westpac volumes rose by 5.0 per cent to $182.4 billion for owner-occupiers and by 10.5 per cent to $145.8 billion for investors.
Commonwealth Bank’s owner-occupied lending increased 5.2 per cent to $231.3 billion, while its investor lending increased 9.4 per cent to $122.9 billion.
[Related: APRA asked to investigate valuations]
