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Bank’s investor loan book halves in value

Eight third-party banks, including one of the big four, saw a double-digit decline in the size of both their investor and owner-occupier lending portfolios over the 12 months to April.

According to APRA’s latest Monthly Banking Statistics, MyState saw the biggest drop for investor and owner-occupier lending over the 12-month period, down a whopping 53.10 per cent and 37.6 per cent respectively.

P&N Bank’s investor portfolio shrunk by 19.5 per cent, while its owner-occupier book decreased by 17.5 per cent.

Westpac experienced an 12.7 per cent decline in investor lending volumes, with its owner-occupier volumes suffering a greater fall of 18.7 per cent.

Teachers Mutual’s investor book decreased by 18.0 per cent over the 12-month period, while its owner-occupier portfolio was down 14.0 per cent.

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Bank of Sydney witnessed a 17.0 per cent drop in investor lending, while its owner-occupier book declined by 11.9 per cent.

Auwside Bank’s investor portfolio was down 16.9 per cent over the period, and its owner-occupier volumes fell by 14.2 per cent.

Macquarie also pegged back its investor and owner-occupier volumes, down 14.7 per cent and 18.7 per cent respectively.

Bank of Queensland was the only other third-party bank to experience a double digit decline in lending volumes for both borrower types, with a 11.30 per cent drop for investors and a 15.8 per cent fall for owner-occupiers.

Of the three other major banks, NAB’s lending volumes decreased by 6.7 per cent for investors and by 4.8 per cent for owner-occupiers, while CBA’s investor book shrunk by 1.90 per cent and its owner-occupier lending saw an 8.6 per cent fall.

ANZ experienced the smallest decline of the majors in investor lending during the 12 months to April, down 0.5 per cent, while its owner-occupier portfolio saw the second-biggest decline among the big four at 13.7 per cent.

[Related: Mutual banks outpace majors for mortgage growth]

Bank’s investor loan book halves in value
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