Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Regional banks mortgage share takes a dive

By Staff Reporter
02 October 2009 | 1 minute read

The regional banks’ share of the mortgage market has fallen dramatically in the two years since the beginning of the global financial crisis.

Advertisement
Advertisement

According to statistics from the Australian Prudential Regulation Authority (APRA), Suncorp, Bendigo and Adelaide Bank and the Bank of Queensland have seen a dramatic slump in market share, falling from 20.2 per cent of all mortgages in August 2007 to 10.8 per cent this year.

The Commonwealth Bank of Australia (CBA)on the other hand, now accounts for 25 per cent of all mortgages in Australia, while Westpac accounts for 23 per cent.

In August 2007, Westpac and CBA had 31.6 per cent of mortgages between them; however CBA’s acquisition of Bankwest and Westpac’s merger with St George helped the banks make serious gains.

ANZ and the National Australia Bank (NAB) have remained relatively stable, keeping their mortgage market share steady at 12 per cent each.

Regional banks mortgage share takes a dive
default
lawyersweekly logo

Tags:

Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Travancore
49.78%
Timboon
49.57%
Dolphin Point
49.51%
Nyah West
49.42%
Preston Beach
49.29%
Newington
48.97%
Killcare Heights
48.89%
Wundowie
48.77%
Homebush
48.44%
Glenside
48.28%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.