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The lender has posted soaring growth in its mortgage portfolio as it continues to attract broker clients seeking fast turnarounds.
Macquarie Bank has maintained its position as one of Australia’s fastest-growing home loan providers, growing its mortgage book by almost one-fifth in the last year.
In its full-year financial results for the year to 31 March 2025, the financial services group revealed that its banking arm grew its home loan portfolio to $143 billion, an 18.7 per cent year-on-year jump and representing around 5.9 per cent of the Australian market.
When excluding offset accounts, its home loan portfolio was $141.7 billion.
Macquarie attributed home loan growth to strong demand in lower loan-to-value ratio (LVR) and owner-occupier lending tiers, with more than 94 per cent of all mortgages originated through the broker channel.
Business banking loan volumes were up 6 per cent to $16.7 billion
Car loan volumes were down 41 per cent to $2.7 billion as the bank runs off its residual car loan portfolio (which ceased accepting new loans in 2024).
Macquarie Group managing director and chief executive officer Shemara Wikramanayake pointed to growth across the bank’s home loan and business banking books, which increased 17 per cent in aggregate and was supported by 21 per cent growth in deposits (to $172.4 billion).
Wikramanayake noted that Macquarie will continue to focus on growing its digital banking offering.
When asked how Macquarie was supporting brokers, the bank’s head of broker sales, Wendy Brown, told The Adviser: “We’ve had a clear and consistent strategy over many years to invest in our people, processes and technology to drive efficiency and streamline experiences for both brokers and customers.
“Examples of this include our market-leading turnaround times and the investment in our digital features and functionality that we offer to our broker partners.
“We really focus on broker feedback and take an ‘always-on’ approach, capturing insights through surveys and direct conversations to continually improve our offerings. We believe in the critical role brokers play in delivering exceptional customer experiences and will continue to advocate for their importance in the home loan market.”
Looking ahead, Macquarie said it continues to maintain a cautious stance, with a conservative approach to capital, funding and liquidity in response to global economic uncertainty.
Wikramanayake said: “Macquarie remains well positioned to deliver superior performance in the medium term with established, diverse income streams; deep expertise across diverse sectors in major markets with structural growth tailwinds; patient adjacent growth across new products and new markets; ongoing investment in our operating platform; a strong and conservative balance sheet; and a proven risk management framework and culture.”
Macquarie maintains mortgage growth push
Macquarie’s continued drive to grow out its mortgage business has positioned it as the fifth-biggest home lender, comfortably generating the highest growth rate for its home loan book among the 10 biggest banks.
Commenting on future growth, Brown told The Adviser: “To provide our broker partners with even greater access to dedicated support when they need it, we’ve recently expanded our national team of BDMs by 20 per cent and we’re continuing to hire more across Australia.
“The broker channel has been and continues to be fundamental in enabling us to prudently grow our home loans business to where it is today.”
Macquarie’s full-year results follow on from its strong performance in 2024, with the bank having updated several of its product offerings in the mortgage market to gain ground on the big four.
Given that the lender has no bank branches, the vast majority of its loan book originated from the broker channel (more than 94 per cent).
That compares with Westpac, which saw broker flows increase to 67.5 per cent in its recent half-year results, and Australia and New Zealand Bank (ANZ), where new lending written by the broker channel was 67 per cent over the same period.
Broker originations at National Australia Bank dropped over the half to 59.6 per cent, while the Commonwealth Bank of Australia – which is on a different financial calendar from the other big four banks – saw brokers originate just 34 per cent in its first half.
[Related: Macquarie maintains mortgage loan book growth to push big 4]
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