Non-majors add $1.5bn to mortgage books

However, APRA figures show stagnation in major bank’s investment lending

Non-majors add $1.5bn to mortgage books

News

By Madison Utley

New data has revealed that while owner-occupier loans have increased since February, investor-only mortgages have remained almost entirely static.

According to APRA’s monthly banking statistics for March 2019, the majors loaned nearly $894bn in owner-occupier mortgages, up from the February figure which sat just over $890bn.

CBA posted the highest value of owner-occupier loans, followed by Westpac, ANZ and NAB.

The majors loaned $469bn in investor mortgages, as compared to last month’s $470bn.

For investor loans, Westpac posted the highest total value, followed by CBA, NAB and ANZ.

When combined, CBA had the highest total value of all mortgages at $430bn.

The owner-occupier loan book at the top 10 performing non-majors came in at $183bn, about $1.5bn more than last month’s figure.

Investor loans remained relatively unchanged from February, once again coming in just below the $75bn mark.

According to the APRA data, the top 10 non-major banks for owner occupier loan volumes in March 2019 were:

ING
Suncorp
Bendigo and Adelaide
Macquarie

Bank of Queensland
Members Equity
HSBC
AMP
Heritage Bank
Teachers Mutual Limited

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

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