Monthly Authorised Deposit Institution Statistics

The latest figures from APRA are showing a couple of trends that have been evident in the past few months continuing, with household deposits slowing, and even shrinking in May, and investor lending continuing to make its way back.

Taking a closer look at the deposits and owner occupier housing lending, the May stock of household deposits fell by $135M, perhaps signalling the start of the anticipated drawdown of savings. One would imagine that that is going to reverse pretty sharply in June, with lockdowns in various states providing both the impetus (through concern and worry) and means (through lack of opportunity to spend) to save.

Owner occupier lending continues to rocket, with the stock of debt increasing by almost $11B over the month.

Investor lending continues to claw its way back from the low depths of last year. This will be easier to look at in more depth in a few days using the lending figures from the ABS, but it does appear that investor momentum is building.