Bank doubles investor loan book value

Seven third-party banks recorded double-digit growth in the sizes of both their investor and owner-occupier lending portfolios over the 12 months to April, with one bank more than doubling its investor volumes. 

According to APRA's latest monthly banking statistics, MyState saw the biggest growth for investor and owner-occupied lending in the 12-month period, up a whopping 113.1 per cent and 60.2 per cent respectively.

P&N Bank’s investor portfolio grew by 24.2 per cent over the period, while its owner-occupier volumes increased by 21.3 per cent.

Teachers Mutual experienced 21.9 per cent growth for investor lending, and 16.2 per cent growth for owner-occupier lending, while Bank of Sydney saw a 20.5 per cent rise in investor volumes and a 13.6 per cent increase for owner-occupier loans.

Auswide Bank recorded 10.3 per cent growth in its investor lending portfolio, while its owner-occupier book grew by 16.6 per cent.

Macquarie Bank’s investor lending growth was at 17.3 per cent, while its owner-occupier volumes rose by 23.0 per cent.

Bank of Queensland was the only other third-party bank to see double-digit growth in both its investor and owner-occupier volumes, up 12.7 per cent and 18.8 per cent respectively.

Meanwhile, Bank of China saw the second-largest growth in owner-occupier lending over the 12-month period, posting a 53.0 per cent increase, while its investor lending growth was at 4.1 per cent.

AMP Bank experienced a 27.4 per cent rise in owner-occupier volumes, while the value of its investor portfolio declined by 7.8 per cent.

Westpac led the big four banks for owner-occupier lending growth at 23.0 per cent. However, its investor lending volumes suffered the biggest decline of all the third-party banks, down 11.3 per cent.

ANZ’s owner-occupier book grew by 15.9 per cent over the period, while its investor volumes only rose by 0.5 per cent.

NAB witnessed the biggest growth of all the majors for investor loans, up by 7.2 per cent, while its owner-occupier loan growth was at 5.1 per cent.

CBA increased its owner-occupier volumes by 9.4 per cent, and its investor portfolio by 1.9 per cent.

[Related: Mutual banks outpace majors for mortgage growth]

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