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Over the past year, CommBank won the most home loan business, but Macquarie's growth outstripped them. Most of these gains were at the expense of Westpac

David Chaston profile picture

31st Jul 25, 11:27ambyDavid Chaston

Westpac stumbles as Macquarie and CommBank push ahead

APRA's release of its June Monthly Authorised Deposit-taking Institution Statistics reveals the market share shifts in the home loan market.

Overall, the big five banks - CommBank, Westpac, NAB, ANZ and Macquarie held their 80% dominance in the giant $2.344 tln mortgage market.

That is a market that grew ++0.6% or $127.5 bln in the past twelve months.

These same five banks hold 77.9% of the owner-occupied market, and 84.9% of the residential investor market - both identical shares compared with a year ago.

But there continues to be a shifting around between them. On balance Macquarie is making gains, Westpac is losing share.

Specifically, CommBank is easily the largest with a $593.7 home loan book, up +6.2% or +$34.7 bln from a year ago. They may have leaked a small -0.1% in the owner-occupied segment, but they have gained +0.6% in the investor segment, allowing them to report a small market share rise. They won more than 27% of the growth in the past year, and that raised their share to 25.3%.

The next largest is Westpac who have a home loan book of $487.9 bln but their share has shrunk -0.7% from a year ago, giving up ground in both segments.

NAB has a housing loan book of $334.7 bln, holding its share of owner-occupiers, but leaking a worrying -0.5% among investors.

ANZ is the smallest of the Pillar banks with a housing loan book of $317.7 bln. It is now stable vs a year ago, halting their longer term underperformance.

Macquarie is the only bank making notable gains, especially among investors. Their loan book is materially smaller at $144.5 bln but it is up from $119.9 bln a year ago, and impressive +20% gain in a year. And that raised their market share by +0.8%, pretty much equally between the owner-occupied segment, and the investor segment.