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Jessica Darnbrough
The big four continue to dominate the mortgage market, accounting for more than 80 per cent of all loans written.
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According to RFi's latest Australian Mortgage Monthly Wrap, the majors collectively account for 80.6 per cent of all owner occupied loans written.
Of that share, the Commonwealth Bank of Australia has the largest stake of the big four, boasting a market share of 24.1 per cent.
Westpac is a close second, with 22.6 per cent share of the market, while National Australia Bank and ANZ are a little way behind with a 17.4 per cent and 16.5 per cent share of the market respectively.
While CBA continues to dominate the mortgage market, the lender has seen its market share slip of late.
According to the report, CBA's market share dipped a further 0.1 per cent in June – marking its fifth consecutive month of decline.
National Australia Bank on the other hand, has managed to go from strength to strength, with the lender growing its market share month in, month out for the last 12 months.
This data echoes the findings of The Adviser's third annual Major Lender of the Year report, which found NAB has stepped up its game and is performing incredibly well in all areas across the third party distribution channel.
