Mortgage News

Westpac's mortgage growth slows

Friday 3rd of December 2010

Westpac's September quarter general disclosure statement (GDS) shows its mortgage book grew by $210 million in the quarter. Using Reserve Bank figures as a proxy for the mortgage market, Westpac accounted for 26.1% of all new lending on mortgages by registered banks in the three months.

However, its mortgage lending growth slowed markedly from the $390 million added in the June quarter a...

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