Non-majors woo new investment borrowers

While investment home loan volumes continue to sink across the big four – as they have since the beginning of 2019 – new data has shown a notable increase in investor loans across the leading non-majors.

According to APRA’s monthly banking statistics for April 2019, the investor mortgage volume across the top 10 performing non-majors climbed by $0.36bn, but fell by an additional $0.5bn at the majors.  

The owner-occupier loan book at the non-majors came in at $185bn, over $1bn higher than last month.

The majors reported $896bn in owner-occupier mortgages, up about $2.5bn from March.

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

Between both types of mortgages, CBA had the highest total at $431.5bn, up from last month’s $430bn.

The top 10 non-major banks for owner occupier loan volumes in April 2019 were:

ING
Suncorp
Bendigo and Adelaide
Macquarie

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

For investor lending, the top performing non-majors were:

Bendigo and Adelaide
Macquarie
Suncorp
Bank of Queensland
ING
HSBC
AMP

Members Equity
Heritage Bank
Teachers Mutual Limited