In the event, all of the major states showed a strong pick-up in investor loans in May.
Part of the reasoning behind this, no doubt, is that the proportionate fall in owner occupier financing is accounted for by unprecedented levels of investor activity.
It's a structural shift which has been underway for some time in the major capital cities, with far many more Australians electing to rent and invest (or in some cases own and invest) than ever before.
Mortgage demand in June does seem set to be a little less frantic than that seen in May.
That said, it's only a couple of months now until the warmer months start rolling around...which is when buyer activity traditionally starts to heat up again.
And, for all the talk about the market now peaking, interest rates still seem more likely than not to fall further, which would only see yet more investors and homebuyers entering the market, one would assume.