Mortgage advisers account for 53.8% of Westpac's mortgages
While Westpac doesn't provide data on the mortgages originated by advisers, these numbers do show that advisers continue to gain market share.
Westpac's mortgage book grew at a more sedate pace in the second half, adding $505 million in new mortgages after a surge in the first half, taking the annual gain to $1.94 billion and the total book to $67.47 billion.
The proportion of investment property loans fell slightly to 25.6% from 25.9% a year earlier and the proportion on interest-only loans fell a percentage point to 15.5%.
However, Westpac's appetite for riskier loans appears to have risen slightly with 6% of mortgages having loan-to-valuation ratios between 80% and 90%, up a percentage point from a year earlier, and mortgages with LVRs above 90% rising to 2.6% from 2.4%.
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