Home buyers like Suncorp and ANZ
ANZ and Suncorp are two lenders growing at above system in the home loan market over recent months.
Monthly data compiled by the Australian Prudential Regulation Authority shows ANZ growing at around twice the level of the pedestrian growth in home loans of all banks, at 2.4 per cent over the last six months. Suncorp has increased its lending by the same percentage over the same period.
Conditions in the home loan market remain subdued. Reserve Bank of Australia data shows system growth of 0.4 per cent for the month of February, down from 0.5 per cent from the previous month.
Source: Banking Day