Australia: market share of mortgage providers 2023 | Statista (2024)

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    Published by Statista Research Department, Feb 8, 2024

    In 2023, the ten largest mortgage lenders in Australia comprised over 92 percent of the mortgage market. The Commonwealth Bank of Australia and Westpac Banking Corporation were leading mortgage providers by value ofgross mortgage lending and accounted for roughly 26 and 21 percent of gross mortgage lending respectively.

    Market share of the leading mortgage lenders in Australia from 2020 to 2023, by value of gross lending

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    Australia: market share of mortgage providers 2023 | Statista (6)

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    Australia: market share of mortgage providers 2023 | Statista (7)

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    Statistics on " Mortgages in Australia "

    Other statistics that may interest you Mortgages in Australia

    Overview

    7

    Mortgage lenders

    8

    Owner-occupiers

    7

    First home buyers

    7

    Investors

    3

    Further related statistics

    16

    Further Content: You might find this interesting as well

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    Australia: market share of mortgage providers 2023 | Statista (2024)

    FAQs

    Australia: market share of mortgage providers 2023 | Statista? ›

    In 2023, the ten largest mortgage lenders in Australia had a market share of roughly 92 percent of the mortgage market. The Commonwealth Bank of Australia and Westpac Banking Corporation were the largest mortgage lenders, with approximately 6.5 and 5.4 billion Australian dollars in gross mortgage lending, respectively.

    Read On
    Who is the biggest mortgage lender in Australia? ›

    Leading home loan lenders in Australia
    BankValue of gross lending in 2023
    Commbank$6,506.56 billion
    Westpac$5,411.72 billion
    NAB$3,722.83 billion
    ANZ$3,372.03 billion
    6 more rows
    Feb 28, 2024

    Discover More Details
    Who are the major lenders in Australia? ›

    Compare home loans from Australia's largest banks
    LenderHome LoanMax LVR
    WestpacWestpac Flexi First Option Home Loan (Promo) - Principal & Interest (LVR up to 70%)97%
    ANZANZ Simplicity PLUS Home Loan (Principal and Interest) (LVR < 70%) (New Customer) Special offer70%
    NABNAB Defence Force Variable Home Loan80%
    6 more rows

    Continue Reading
    How big is the mortgage industry in Australia? ›

    Mortgages in Australia market size (2024-2029) Industry revenue has grown at a CAGR of 0.4% over the past five years, to reach an estimated $103.4bn in 2024.

    See Details
    How many mortgage providers are there in Australia? ›

    The number of mortgage and finance brokers in Australia has exceeded 19,000 for the first time, according to new data released by the MFAA. The MFAA Industry Intelligence Service 15th Edition report, released on Friday, shows that the number of brokers has reached 19,236, increasing 5.2% year on year.

    Find Out More
    Who are Tier 1 lenders in Australia? ›

    First Tier Lenders
    • Commonwealth Bank. The Australian government formed it in early 1911, and it opened its doors in Sydney. ...
    • National Australia Bank. Headquarters in Melbourne. ...
    • Australia New Zealand Bank. Established its headquarters in Melbourne. ...
    • Westpac Banking Corporation. ...
    • Macquarie Bank.
    May 4, 2022

    Tell Me More
    What mortgage lender has the highest market share? ›

    1. Rocket Mortgage. Rocket Mortgage -- formally Quicken Loans -- has been the largest mortgage lender by number of originations for years. In 2022, Rocket Mortgage originated 464,363 mortgages worth $127.6 billion, giving it a 5.5% share of the market by origination.

    Show Me More
    What is the market share of non-bank lenders in Australia? ›

    share. They're much smaller in size compared to banks, but non-bank lenders have become essential players in Australia's credit market. According to the Reserve Bank, non-bank lenders now account for around 5% of financial system assets in Australia.

    Explore More
    What are Tier 2 lenders in Australia? ›

    A 2nd tier lender, also known as a non-bank lender, is a lender who doesn't hold a banking licence. They usually come in the form of a building society or credit union. While the absence of a banking licence might seem scary, it just means they source their own wholesale funding from other sources.

    Continue Reading
    Who is Aussie Home loans owned by? ›

    Lendi Group, which is the ultimate holding company of the Aussie business is owned by numerous shareholders including; banks such as CBA, 1835i (ANZ's external venture capital partner) and Macquarie Bank, Lendi founders and employees, and a number of Australian institutional investors and sophisticated investors ...

    Show Me More

    What percentage of Australian homes are mortgaged? ›

    This line graph shows that the proportion of owners with a mortgage increased from about 30% in 1994–95 to 37% in 2019–20. This line graph shows that the proportion of renters renting from private landlords increased from about 18% in 1994–95 to 26% in 2019–20.

    Read The Full Story
    What is the most common mortgage term in Australia? ›

    Monthly repayment assumes a 30-year loan term and the average interest rate of 6.28% p.a. for owner occupiers as at July 2024 according to the RBA.

    See Details
    What is the mortgage structure in Australia? ›

    Typically, a mortgage in Australia is set up for 30 years, and borrowers can choose between a variable rate and a fixed rate mortgage. Some of the popular features of an Australian mortgage are an offset sub-account, redraw facility, split loan, and interest-only repayments.

    Get More Info Here
    Who is the largest mortgage lender in Australia? ›

    The Commonwealth Bank of Australia and Westpac Banking Corporation were the largest mortgage lenders, with approximately 6.5 and 5.4 billion Australian dollars in gross mortgage lending, respectively.

    Continue Reading
    Are mortgage brokers in demand in Australia? ›

    Australian homebuyers are turning to mortgage brokers in record numbers, according to the latest data released by the Mortgage & Finance Association of Australia (MFAA). Between January and March 2024, 74.1% of all new home loans were written by mortgage brokers.

    View More
    What is aus in mortgage industry? ›

    An automated underwriting system (AUS) is an advanced computer program that quickly assesses loan applications based on borrower-provided information to determine loan pre-approval.

    View Details
    Who is Australia's largest non-bank lender? ›

    Australia's largest non-bank lenders
    • Firstmac and its retail brand loans.com.au.
    • Resimac and its retail brand homeloans.com.au.
    • Pepper Money.
    • Liberty.

    See More
    What's the biggest mortgage company in the world? ›

    Ranking the 10 largest mortgage lenders in the world by market capitalization
    1. JPMorgan Chase. Market cap: $563.54 billion. ...
    2. Bank of America. Market cap: $291.32 billion. ...
    3. ICBC. Market cap: $246.51 billion. ...
    4. Agricultural Bank of China. Market cap: $202.59 billion. ...
    5. Wells Fargo. ...
    6. Bank of China. ...
    7. China Construction Bank. ...
    8. HSBC.
    More items...
    Aug 11, 2021

    Learn More
    Who is the largest insurer of mortgages in the world? ›

    FHA is the largest insurer of mortgages in the world. How is this program funded?

    Discover More Details
    Who is the largest bank lender? ›

    JPMorgan Chase

    JPMorgan Chase & Co. tops the list while also being the largest bank in the US. Unsurprisingly, JPMorgan Chase was crowned the largest mortgage lender and the largest bank in the world by market cap in 2023.

    Show Me More
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