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The major banks continue to dominate the mortgage lending market, with the big four accounting for more than 80 per cent of all owner-occupied loans.
According to RFi’s latest Mortgage Market Monthly Wrap, the total value of bank-held owner-occupied loans increased by 0.7 per cent between May 2013 and June 2013, increasing from $781.6 billion to $787.2 billion.
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The combined market share of the big four banks continued to stand at 84.7 per cent in June 2013.
CBA holds the largest share of the market, controlling 28.2 per cent.
Westpac is not far behind, with a 21.8 per cent share of the market, while National Australia Bank and ANZ hold 18.3 per cent and 16.4 per cent respectively.
