Low-LVR lending strategy paying off for fifth largest Aussie lender
Macquarie Group has reported a 13% surge in its home loan portfolio to $160.3 billion for six months ending 30 September, significantly outpacing system growth and reinforcing its growing influence in the Australian mortgage market.
Macquarie now represents approximately 6.5% of the national mortgage market, up from 5.7% in the prior six months.
The bank attributed its growth to strong demand in the lower loan-to-value ratio (LVR) and owner-occupier segments – a strategic focus that has helped maintain a high-quality, lower-risk portfolio.
More than 95% of all home loans originated via the broker channel, with the lender investing heavily in technology to support broker efficiency, citing “market-leading turnaround times” as a key competitive edge.
Broker-originated growth has been vital to Macquarie’s broader retail banking strategy, which also saw a 12% rise in total deposits to $192.5 billion.
The bank’s portfolio has remained conservative, with 80% of borrowers on principal and interest repayments and an average dynamic LVR of 52%.
Group-wide net profit was up 3% to $1.65 billion on a year-on-year basis, with assets under management totalling $959.12 billion, marking a 5% uptick.
Macquarie's managing director and chief executive Shemara Wikramanayake said: “The improved underlying performance across our operating groups in the first half reflects the ongoing benefits of our diverse business mix and our continued investment in opportunities that support long-term growth and deliver positive outcomes for our clients and communities.”
