The number of third party loans across all large authorised deposit-taking institutions (ADIs) is on the increase, according to the latest banking figures from the Australian Prudential Regulation Authority (APRA
In the 12 months prior to 30 June 2017, $49.8bn worth of residential loans were brought in through the third party channel for ADIs with more than $1bn in residential loans. This was an increase of 5.1% from the $47.4bn brought into these larger lenders the year before.
These figures come from APRA
’s report, Quarterly Authorised Deposit-taking Property Exposure
s, released yesterday (29 August) which also showed that brokers brought in $37.0bn worth of loans through the major banks (an increase of 2.9%) and $9.6bn through the non-major domestic banks (an increase of 18.1%).
Regarding the total national banking portfolio, the value of residential loans held by all 142 ADIs increased by $105.2bn (or 7.3%) to $1.54trn in the year recorded.
This included $1,006bn of owner occupier lending and $536bn of investment lending which experienced an annual increase of 8.1% and 5.8% respectively. Only 38.2% of these loans were interest-only.
The 32 ADIs with greater than $1bn in residential loans held 98.7% of all residential mortgages, equalling 5.8 million loans with a total value of $1.52trn.
These larger lenders approved just over 5,800 loans throughout the year, putting the average loan size at around $262,000. This was slightly higher than the $252,000 recorded at the end of June last year.
In the 2016/17 financial year, the 32 ADIs with greater than $1bn in residential lending approved $384bn in new loans – an increase of $12bn (or 3.2%) from the year before. Of these:
Looking at the different types of ADIs, APRA
’s June figures gave a good breakdown of the proportion of the loan book for major banks and local domestic banks as follows: