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Brokers might have just as much of a soft spot for their state’s bank as they do their state’s beer, if new data is to be believed.
New AFG statistics have revealed that some prominent lenders perform significantly better in their home markets.
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AFG brokers around Australia gave Bankwest 5.7 per cent of their mortgage volumes in April. However, brokers in WA gave Bankwest 14.2 per cent of their volumes.
Another local WA lender, Keystart, which is backed by the state government, recorded a 4.4 per cent market share, placing it ahead of Macquarie Bank on 3.9 per cent.
The other top lenders in Western Australia were Commonwealth Bank with 21.5 per cent, ANZ with 16.3 per cent, Westpac with 10.4 per cent and NAB Broker with 5.1 per cent.
Suncorp won a 2.7 per cent share throughout Australia compared to a 7.0 per cent share in Queensland.
Queensland’s four most successful lenders were Commonwealth Bank with 24.1 per cent, ANZ with 15.6 per cent, Westpac with 10.7 per cent and Macquarie with 7.1 per cent.
In NSW, St George placed fifth with 10.9 per cent, placing it just behind parent bank Westpac on 11.0 per cent.
The top three consisted of Commonwealth Bank on 20.1 per cent, ANZ on 17.0 per cent and NAB Broker on 14.0 per cent.
Bank of Melbourne was the number four lender in Victoria with a market share of 8.1 per cent, ahead of NAB Broker on 7.4 per cent.
Victoria’s leading lenders were ANZ on 20.2 per cent, Commonwealth Bank on 16.8 per cent and Westpac on 16.5 per cent.
BankSA placed third in South Australia with 13.5 per cent, placing it ahead of Westpac on 12.0 per cent and NAB Broker on 6.9 per cent.
The state’s top two lenders were Commonwealth Bank on 24.8 per cent and ANZ on 14.1 per cent.
[Related: Investors drive record result for AFG]
