ANZ's home loan portfolio shows big drop in interest-only borrowers

ANZ's home loan portfolio shows big drop in interest-only borrowers
ANZ's home loan portfolio shows big drop in interest-only borrowers

An overview of ANZ's home loan portfolio from their half year results investor pack published today shows a big fall its in its investor portfolio along with a big drop in interest-only loan borrowers.

Just 18 percent of their portfolio is IO compared with 26 percent this time last year and 36 percent in 2017.

The number of investor loans has dropped over the two years from 34 percent to 31 percent.

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ANZ's home loan portfolio shows big drop in interest-only borrowers

At $269 billion lent, its entire loan book has 1 million accounts, down on the 1,018,000 this time last year.

Some 82 pecent of loans are variable.

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ANZ's home loan portfolio shows big drop in interest-only borrowers

There is an average 55 percent LVR compared with an originating 67 percent LVR. 

The average loan size has kept up to $269,000, up from $266,000 this time last year.

ANZ says it has 15.1 percent market share.

Around 52 percent of loans are broker originated.

ANZ Banking Group met expectations against a difficult operating environment with 2 per cent rise in cash profit to $3.564 billion.

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Home Loans Anz

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