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Macquarie Group Limited (Macquarie) has released its financial results for the financial year ending 31 March 2026, revealing that its home loan portfolio has grown by 28 per cent over the year, to reach a new high of $181.3 billion.
As such, Macquarie Bank is now responsible for around 7.1 per cent of the Australian mortgage market.
According to the group, this growth has been underpinned by a strategic focus on lower loan-to-value ratio (LVR) tiers and owner-occupier lending.
The average LVR at origination stands at 65 per cent, while the average dynamic LVR is 51 per cent.
Around 62 per cent of its book is for owner-occupied loans, with just 5 per cent of its book being on fixed terms.
More than 95 per cent of new home loan originations continued to come through the broker channel, with the bank highlighting that this is partly driven by speed of service and consistency of service.
Speaking of the results, Wendy Brown, head of broker sales at Macquarie Bank, thanked brokers for their support in driving the bank’s lending growth, commenting: “We recognise the growth in our home lending business over the past year, and indeed throughout our history, is thanks to our broker partners. It is brokers who are recommending us to their clients – driving our success and making more Australians nationwide Macquarie Bank customers.
“Our growth in mortgages hasn’t been an overnight success. If we look back to 2010, we represented around 0.2 per cent of Australia’s home loan market. Just a month ago, we ticked over 7 per cent market share for the first time, which is a big milestone if you consider the highly competitive nature of the market.
“Importantly, what our results show is that it is possible to be profitable lending via the broker channel. Ninety-five per cent of our originations come via the brokers, and we see a sizeable and sustainable growth opportunity as more and more Australians partner with a broker when buying a home. While many of our competitors are looking to build their direct channels, we’re backing brokers.”
Brown said that the bank had been “doubling down” on its broker proposition, having invested in its BDM and credit assessment teams, as well as its digital experience.
“That momentum is helping us grow strongly alongside our broker partners,” she said.
“As we continue to grow, we’re committed to remain focused on what matters most to brokers and their customers, including market-leading turnaround times, clear and consistent credit decisioning and responsive support.
“We know this gives brokers the confidence they need to set clear expectations with their customers and follow through on them, which translates into a better for everyone involved.”
Outside of home loans, the Business Banking portfolio grew by 8 per cent over the year to $18.1 billion. Growth in this sector was attributed to client acquisition in core segments and a push into emerging markets.
Macquarie Bank has been one of the most commonly used lenders among mortgage brokers, with the Broker Pulse survey showing that the bank was the most used of any lender over March 2026.
According to the Broker Pulse: Residential Lending survey for March 2026, 45 per cent of mortgage brokers had written a loan with Macquarie over the month and had a Net Promoter Score of +86 from brokers over the March quarter.
Brokers told Broker Pulse that its average turnaround time to initial credit decision was two days in March 2026.
[Related: Macquarie tops broker satisfaction survey amid onshoring push]
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