The APRA data release of banking for July reveals some rather dramatic shifts in the month for housing lending.
Macquarie is clearly making big gains. In fact it built their home loan book by +$8.8 bln in one month, only bettered by the big dog, Commbank.
Macquarie's book growth was a massive +6.3% a rare outsized jump for just one month
Commbank grew its mortgage book by +1.7%, the same as the whole system. But everyone else grew slower than system.
Westpac grew its book by only +0.9%, ANZ by +1.2%, NAB by +1.6%.
| All mortgage lending | ||||||
| Share | June | change | gain | July | Share | |
|
|
% |
$ bln |
$ bln |
% |
$ bln |
% |
| ANZ | 13.6% | 314.3 | 3.9 | 1.2% | 318.2 | 13.5% |
| Commbank | 25.3% | 586.0 | 9.9 | 1.7% | 595.8 | 25.3% |
| Macquarie | 6.0% | 138.9 | 8.8 | 6.3% | 147.7 | 6.3% |
| NAB | 14.3% | 330.5 | 5.2 | 1.6% | 335.7 | 14.3% |
| Westpac | 20.9% | 484.1 | 4.2 | 0.9% | 488.4 | 20.8% |
| All others | 19.9% | 459.9 | 6.8 | 1.5% | 466.7 | 19.8% |
| All banks | 100% | 2,313.7 | 38.8 | 1.7% | 2,352.5 | 100% |
The market share battles are tough for most, and even Commbank only managed to hold its share.
With Macquarie on the prowl, targeting broker networks, most others are unusually vulnerable while they are so aggressive. The one defence Commbank has, which the other don't have, is a much lower exposure to broker origination. This is not an advantage any of the others have - and one day it may also become Macbank's vulnerability.
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