APRA numbers show $234 billion in commercial property lending
The latest commercial property borrowing data has been released by the Australian Prudential Regulation Authority (APRA) for the March 2015 quarter.
Quarterly ADI Property Exposures contains information on ADIs’ commercial property exposures.
ADIs’ commercial property exposures were $234.2 billion, an increase of $15.1 billion (6.9%) over the year.
Commercial property exposures within Australia were $193.3 billion, equivalent to 82.5% of all commercial property exposures.
As shown in Figure A (below):
- major banks held $202.3 billion of commercial property exposures, an increase of $6.6 billion (3.4%) on 31 December 2014 and $12.3 billion (6.5%) on 31 March 2014;
- other domestic banks held $14.0 billion, a decrease of $0.4 billion (2.7%) on 31 December 2014 and an increase of $1.5 billion (11.7%) on 31 March 2014;
- foreign subsidiary banks held $4.1 billion, an increase of $0.2 billion (5%) on 31 December 2014 and a decrease of $0.9 billion (17.8%) on 31 March 2014;
- foreign branch banks held $13.4 billion, an increase of $0.3 billion (2%) on 31 December 2014 and $2.3 billion (20.7%) on 31 March 2014;
- building societies held $211 million as at 31 March 2015, a decrease of $25 million (10.7%) on 31 March 2014; and
- credit unions held $309 million as at 31 March 2015, a decrease of $38 million (10.8%) on 31 March 2014.
Impaired commercial property exposures were $1.6 billion at 31 March 2015 and specific provisions and security held for commercial property were $1.6 billion.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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