Half of mortgages at CBA or Westpac

According to research conducted by Core Data Brand Management, CBA and Westpac control almost 50% of all mortgages in Australia.


Using figures from the Reserve Bank of Australia and the Australian Prudential Regulatory Authority, Core Data found that CBA had 25% of all mortgages, followed by Westpac with 23% of all mortgages in Australia. Both banks have gained remarkable market share in the last 2 years - in August 2007, the combined percentage for both banks was just over 31%.

The research showed that ANZ and NAB have kept their market share at about 12% respectively.

Much of the gains for CBA and Westpac have been made at the expense of regional banks and non-bank lenders. Suncorp, Bendigo, Adelaide Bank and Bank of Queensland have dropped from 20.2% of market share in August 2007 to 10.8%.