National Australia Bank has managed to grow its mortgage market share for the second consecutive month.
According to RFi’s latest Australian Mortgages Market Wrap report, the banks grew its owner occupied loan book in February by 1.3 per cent to $109.3 billion, resulting in a 0.1 point increase in market share.
NAB now boasts a 15.6 per cent share of the national mortgage market.
This is the second consecutive month of growth for the lender. Last month, NAB lifted its owner occupied loan book by 1.2 per cent, taking it to $107.9 billion.
The other banks also saw increases in the size of their owner-occupied loan books, with ANZ up by 0.4 per cent to $111.5 billion, CBA up by 0.2 per cent to $171.4 billion and Westpac Group gaining 0.1 per cent to $188.9 billion. The largest increase in February was experienced by ME Bank which saw 5.2 per cent growth to $3.7 billion and a 0.1pt increase in market share to 1.7 per cent.