CBA added the most dollars in June, while Macquarie again outpaced every major lender by growth rate.
Commonwealth Bank of Australia (CBA), the nation’s largest home lender, and fast-growing challenger Macquarie Bank recorded the sharpest housing-loan book gains in June, as the country’s 10 largest authorised deposit-taking institutions (ADIs) reached a combined $2.30 trillion in residential lending.
Analysis of the latest APRA monthly ADI statistics by Agile Market Intelligence found CBA increased its housing loan book by $5 billion over the month, the largest dollar uplift among the lenders reviewed.
Macquarie, meanwhile, posted the strongest percentage growth, expanding its book by $3.39 billion, or 1.88 per cent, during June.
CBA retained the largest housing portfolio in the group, including $413 billion in owner-occupied loans and $222 billion in investment lending.
Its overall portfolio was weighted 65 per cent towards owner-occupied borrowers.
Macquarie held the largest housing book among the mid-tier lenders at $184 billion, with owner-occupied loans accounting for around 60 per cent of its portfolio.
Major banks hold steady
While CBA’s dollar growth was the strongest result, ANZ produced the highest monthly percentage expansion among the major banks, with its housing loan book rising 0.95 per cent in June.
That marked an acceleration for ANZ after a more subdued prior month and contrasted with the broader major-bank cohort, where monthly growth rates remained in a relatively narrow 0.50–0.80 per cent range.
The June figures point to ongoing mortgage-book expansion among the majors, although growth appears to have settled after stronger gains earlier in the year.
Across the top 10 institutions, owner-occupied lending remained the principal source of housing-loan balances.
CBA maintained the largest investment portfolio, as well as the largest owner-occupied book, reinforcing its market-wide presence across both borrower segments.
Mixed mid-tier conditions
The performance of the mid-tier lenders was less uniform.
ING Bank extended its growth trajectory, recording a 0.76 per cent rise in its housing loan book, with the lender also boasting the highest owner-occupied concentration among the lenders reviewed, with 74 per cent of its portfolio tied to owner-occupier lending.
By contrast, Bank of Queensland and Suncorp Bank remained in negative territory, with their loan books declining 0.42 per cent and 0.23 per cent, respectively.
Yet Agile said that the two lenders’ results had nevertheless improved on earlier months.
Bendigo and Adelaide Bank and HSBC also recorded smaller declines of 0.16 per cent and 0.44 per cent, respectively.
[Related: CBA and Macquarie surge as Suncorp and BOQ decline]
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