Westpac takes housing market lead

Westpac has recorded the strongest growth in the home lending market according to the most recent figures from the Australian Prudential Regulation Authority (APRA). Even though the housing loan market is continuing to slow down, Westpac's mortgage lending is increasing. In the three months to December 2006, Westpac expanded mortgage lending by 13 per cent, compared with 11 per cent industry wide and 8 per cent for the other three majors, ANZ, National Australia Bank and Commonwealth Bank.