Credit growth slows
Won't spend too much time on this, as the Financial Aggregates figures relate to before APRA's latest round of changes and therefore the landscape has once again shifted.
The Reserve Bank's latest figures showed credit growth of 0.3 per cent in February, following on from a result of just 0.2 per cent in January.
Housing credit increased by 0.6 per cent in the month, but both business and personal credit growth were negative.
Over the year to February housing credit increased by 6.4 per cent down from 7.3 per cent a year ago, with investor credit rising a notch further to 6.7 per cent.
Annual credit growth slowed to 5 per cent from 6.6 per cent a year ago.
Business credit growth in particular has slowed from 6.5 per cent a year ago to just 3.7 per cent.
There are many ways to fund business expansion,of course, but this doesn't necessarily bode well for the business investment outlook.
As a result, housing now accounts for a record 61.7 per cent of outstanding credit.
There was a further $1 billion of housing loan purpose switching taking the total switched to owner-occupier from investor loans since July 2015 to $50 billion.
And housing credit outstanding increased to $1.65 trillion by February 2017.
More measures have since been taken to slow the creation of new interest-only loans.