Majors retain market stronghold

New data has confirmed that Australia’s major banks retained their stronghold on the mortgage market in the weeks following the royal commission’s final report.

According to APRA’s month’s banking statistics for February 2019, the majors loaned more than $890bn in owner-occupier mortgages and more than $470bn in investor mortgages over 28 days.

CBA posted the highest value of owner-occupier loans, followed by Westpac, ANZ and NAB. For investor loans Westpac posted the highest total value, followed by CBA, NAB and ANZ. When combined, CBA was the lender with the highest total value of all mortgages.

Meanwhile the top 10 performing non-majors saw the owner occupier loan book reach more than $182bn while investor loans reached more than $74bn.

In AFG’s Competition Index for September 2018, the non-majors reached a record market share, accounting for 41% of all mortgages in the June quarter, up from 35% in the previous quarter.

For February 2018, APRA’s data shows the top 10 non-major banks for owner occupier loan volumes were:

ING
Suncorp
Bendigo and Adelaide
Macquarie
Bank of Queensland
Members Equity
HSBC
AMP
Heritage Bank
Teachers Mutual Limited

Meanwhile for investor only lending, the top performing non-majors were

Bendigo and Adelaide
Macquarie
Suncorp
Bank of Queensland
ING
HSBC
Members Equity
AMP
Heritage Bank
Teachers Mutual Limited