The value of new housing loan commitments fell 1 per cent in June, compared with the previous month. This follows a fall of 4.8 per cent in May. According to the latest ABS lending data, the A$24.6 billion of new lending was down 18.2 per cent over the 12 months to June. The value of new lending to owner occupiers was down 2.8 per cent month-on-month and down 19.9 per cent over 12 months. New lending to investors was up 2.6 per cent month-on-month but down 15 per cent over 12 months. The value of external refinancing fell 3.1 per cent to $20.2 billion during the month but was up 12.6 per cent over the 12 months. First home buyers borrowed $4.1 billion in June – up 2.6 per cent month-on-month but down 8.1 per cent over 12 months. Fixed-rate lending increased substantially during the month, rising from $2.6 billion in May to $4.5 billion in June. The average loan size was down a little, falling from $585,000 in May to $580,000 in June. The latest Reserve Bank data show that lenders’ mortgage balances grew by 0.2 per cent in June and by 4.5 per cent over the 12 months to June. It is the lowest monthly growth rates since August 2020. Owner occupier loan balances were up 0.4 per cent month-on-month and 5.3 per cent over 12 months. Investor loan balances fell 0.1 per cent month-on-month but rose 3 per cent over 12 months. With RBA housing loan system growth of 3.5 per cent annualised during the June quarter, the latest APRA figures show all four big banks growing ahead of system: ANZ by 8.6 per cent annualised over three months, Commonwealth Bank 4.6 per cent, NAB 4.5 per cent and Westpac 5 per cent. Among other lenders, Suncorp Bank grew 13.5 per cent annualised during the June quarter, ING Bank 13.2 per cent, HSBC 9 per cent and Bendigo and Adelaide bank 7.8 per cent. Macquarie maintained its more measured pace, with annualised growth of 6.7 per cent during the quarter. Bank of Queensland was in runoff, with a 2.1 per cent reduction in its book.