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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.
The combined market share of the big four banks continued to stand at 84.7 per cent in June 2013.
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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.
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