Australia's banks saw their biggest quarterly increase in exposure to office towers during the December quarter, rising almost $3 billion to $74.56 billion
It is the largest quarterly change since the Australian Prudential Regulation Authority began the data series in 2008 and shows that overall Australian banks increased their commercial property exposures by $5.46 billion in the December quarter to $244 billion.
Exposures in office accommodation, where there are still high vacancy rates but increasing prices, rose to make up 30.5 per cent of all commercial property while retail property such as shopping centres made up 23.5 per cent.
There were increased exposures in every sector of commercial property except tourism assets.
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