And a non-major continues to outperform the big four in growth
Residential lending continued to rise in April, according to the latest figures from Australian Prudential Regulation Authority (APRA).
The regulator revealed that total resident loans and finance leases across Australia increased by 0.2% month-over-month in April to $6.0 billion.
Read more: The 10 biggest mortgage lenders in Australia
Broken down, owner-occupied loans continued to grow strongly by 0.6% to $6.9 billion, outpacing investment lending which increased by 0.3% to $2.1 billion.
“Recent growth in housing lending continues to reflect strong borrower demand underpinned by low mortgage interest rates and government measures supporting first home buyers and new home building,” APRA said.
Among lenders, Macquarie Bank continued its impressive growth run, outperforming the majors by growing its loan book by 24.9% in April and 32.5% over the 12 months to April 30.
A report from the Australian Financial Review credits Macquarie’s “superior technology” as one of the main factors for the lender’s impressive performance over the past year.
Aside from installing a new SAP banking platform, Macquarie also launched a new origination system and brought in digital banking expert Luis Uguina from BBVA to lead its digital transformation efforts.
