Housing debt back to record levels as banks dish out more to investors

OFFICIAL attempts to stem the tide of investor housing loans have failed with latest figures showing bank exposure to the sector was back at its highest level since a mid-2015 peak. Australian Bureau of Statistics original housing finance data to November found banks had investment housing loans outstanding to the tune of 6 billion, one of its highest levels ever while across all lenders the figure was 4b. The 2015 peak, which came six months after the Australian Prudential Regulation Authority demanded that banks crack down on investor loans for housing, was a record 0b for banks alone (July 2015). It teetered around the peak the month before (8b June 2015) and after (7b August 2015). #1189