May 2021 Lending Indicators

Lending continued to rise in May in NSW, with investor lending value rising over 12% seasonally adjusted.

While there is now a definite rise in investor lending since the middle of last year in absolute terms, expressed as a ratio of all purchases investor borrowing still has a long way to go before it is anywhere near historically high levels. The ratio now sits at 32%. This is a far cry from 2015's 55% that prompted macroprudential tightening by the regulators.

Note that these charts use seasonally adjusted ABS Lending Indicators data.