Increase in home loans – ANZ, Westpac dominate

More people are applying for home loans according to figures released by the Australian Prudential Regulation Authority. The results indicate a 12.5 per cent increase in home loans over the past year with the ANZ and Westpac bank leading the market leaving regional banks behind. 25.5 per cent of net banking system growth has been captured by ANZ whilst Westpac stands at 22.4 per cent.

‘Westpac, ANZ gain in home loan race’, Anthony Hughes, The Sydney Morning Herald, 19/06/00, p 35.