iscover
James Mitchell
The size of the bank-held investment property lending market increased by $1.2 billion to $314 billion in April 2011, a rise of 0.4 per cent from the previous month’s figure, according to new data released by business research house RFi.
The largest increase in April was of 5.8 per cent for ME Bank, to $1.2 billion, followed by a 2.5 per cent rise for AMP to $1.7 billion.
Macquarie Bank saw the largest fall in the size of its investment property lending, down 19.7 per cent to $530 million, RFi reported.
Among the big four banks, CBA, Westpac Group and ANZ saw their investment property loan books increase slightly over April to $82 billion, $85.4 billion and $42.8 billion respectively, while NAB saw a slight fall in the size of its investment property loan book of 0.1 per cent to $50.8 billion.
Westpac continued to hold the largest share of investment property loans, with 27.2 per cent of the market, ahead of CBA with 26.1 per cent. ANZ held the smallest share out of the majors, at 13.6 per cent.
There were no changes in market share among the smaller banks, RFi reported.
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