Westpac accelerates home lending and adviser-originated loans

That compares with the $1.72 billion it lent in the six months ended September and the $1.51 billion Westpac lent in the previous first half, according to the bank’s disclosure statements.

While the loan-to-valuation table showed on balance-sheet mortgages at $72.8 billion, its Australian parent’s slides showed total mortgages at $73.3 billion, up from $71.3 billion at Sept 30 last year.

Mortgage advisers are originating more of its mortgages because their loans totalled 58% of Westpac’s mortgage book at March 31, up from 56.7% at Sept 30 last year and from 53.8% at Sept 30, 2024.

Westpac doesn’t provide information on the flow of lending, only the resultant book details.