Non-banks’ share of mortgage market
According to the Mortgage & Finance Association of Australia’s most recent Industry Intelligence Service (IIS) report, the value of broker-originated business to non-bank lenders was $3.25 billion in the July to September 2024 quarter. This value was 28.4 per cent higher than during the same period in 2023 ($2.53 billion) and represented 5.9 per cent of broker-originated mortgage business.
Non-banks’ share of business lending
The Reserve Bank of Australia’s (RBA) April 2025 bulletin noted non-banks’ growth in business lending declined to a “still strong” 13 per cent in the year to January 2025. The central bank noted: “Non-bank lenders continued to increase their market shares in lending to business sectors less serviced by banks, such as SMSFs, vehicle financing and inventory lending.”
