In 2022, a survey conducted among first home buyers in Australia revealed that over half of respondents intended to or had already procured a home loan from a big four bank such as the Commonwealth Bank of Australia. Only three percent of respondents had or intended to use a digital bank to get a mortgage loan.
Distribution of mortgage lenders used to procure a home loan among first-time home buyers in Australia in 2022
sample includes 372 participants who purchased their first home in the previous 12 months and 629 participants who intended to purchase a home in the next 12 months
Supplementary notes
Original survey question: What kind of lender did you/will you get your home loan from?
ANZ = Australian and New Zealand Banking Group
CBA = Commonwealth Bank of Australia
NAB = National Australia Bank
Westpac = Westpac Banking Corporation
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finder.com. (August 18, 2022). Distribution of mortgage lenders used to procure a home loan among first-time home buyers in Australia in 2022 [Graph]. In Statista. Retrieved January 03, 2025, from https://www.statista.com/statistics/1358032/australia-mortgage-lenders-used-to-procure-home-loans-by-first-time-home-buyers/
finder.com. "Distribution of mortgage lenders used to procure a home loan among first-time home buyers in Australia in 2022." Chart. August 18, 2022. Statista. Accessed January 03, 2025. https://www.statista.com/statistics/1358032/australia-mortgage-lenders-used-to-procure-home-loans-by-first-time-home-buyers/
finder.com. (2022). Distribution of mortgage lenders used to procure a home loan among first-time home buyers in Australia in 2022. Statista. Statista Inc.. Accessed: January 03, 2025. https://www.statista.com/statistics/1358032/australia-mortgage-lenders-used-to-procure-home-loans-by-first-time-home-buyers/
finder.com. "Distribution of Mortgage Lenders Used to Procure a Home Loan among First-time Home Buyers in Australia in 2022." Statista, Statista Inc., 18 Aug 2022, https://www.statista.com/statistics/1358032/australia-mortgage-lenders-used-to-procure-home-loans-by-first-time-home-buyers/
finder.com, Distribution of mortgage lenders used to procure a home loan among first-time home buyers in Australia in 2022 Statista, https://www.statista.com/statistics/1358032/australia-mortgage-lenders-used-to-procure-home-loans-by-first-time-home-buyers/ (last visited January 03, 2025)
Distribution of mortgage lenders used to procure a home loan among first-time home buyers in Australia in 2022 [Graph], finder.com, August 18, 2022. [Online]. Available: https://www.statista.com/statistics/1358032/australia-mortgage-lenders-used-to-procure-home-loans-by-first-time-home-buyers/