All major banks report modest growth, but some second-tier lenders see declines
All four banking majors experienced modest but positive month-on-month growth across owner-occupied and investment home lending in June.
According to the latest data supplied by the Australia Prudential Regulation Authority (APRA), there was a 0.65% total increase ($11.25 billion) in total mortgage lending for the our major banks from May to June, bringing the total loan book across the big four to more than $1.73 trillion.
Commonwealth Bank and NAB had the highest percentage increases in both total and owner-occupied housing loans. Their total home lending book at the end of June was $594 billion and $335 billion, respectively.
However, it was the fifth pillar, Macquarie Bank, that came out on top with a market-beating 2.31% increase, bringing its total book to $144.5 billion. Around two thirds of Macquarie’s loans at the end of June comprised owner-occupied.
Among the non-major banks, ING shot ahead with 1.57% month-on-month growth to bring its mortgage book up to nearly $66.5 billion.
AMP Bank fell around half a percentage point, while BOQ and Bendigo and Adelaide Bank also saw losses.
HSBC, which is rumoured to be looking for a suitor to buy its Australian operations, grew its mortgage portfolio by 0.66% to $33.2 billion in June. HSBC has grown its book from just above $26 billion as of 31 December, 2024.
