CommBank still the mortgage leader

Banks increased their mortgage market share by 1.1 per cent in June according to the latest Australian Mortgage Market Wrap by RFi.

The banks’ share of the value of owner-occupied lending commitments decreased by 0.4 percentage points over the last 12 months – down from 91.8 per cent in June 2011 to 91.2 per cent in June 2012.

NAB’s market share lifted once again in June – increasing 0.1 per cent to 17.5 per cent. Overall, the big four account for more than 80 per cent of all mortgages written, with CBA boasting the greatest market share of 23.9 per cent.

Westpac is not far behind, with a market share of 22.5 per cent, while ANZ rounds out the big four, accounting for 16.5 per cent of all mortgages written.

Source: The Adviser