This reflects figures showing Q1 of FY21 was the second highest for mortgage registrations on the NSW Land Titles Register in the past two years.
Major banks continue their resurgence, accounting for 65.8% of mortgage volume in September 2020 when both new and refinanced mortgages are reviewed together, up 5.7 percentage points compared with September 2019.
Other Domestic banks saw their mortgage volumes return to pre-COVID-19 levels, accounting for 14.6% of all mortgage activity appearing on the NSW Land Titles Register in September 2020.
In September 2020, Customer Owned banks increased their share of NSW mortgage activity appearing on the Register to 8.9%, largely driven by new mortgages, which increased by 45.2% in September when compared with the same month last year.
The clear trend in refinancing away from foreign ADIs and non-ADI mortgage lenders continues.
Director of Analytics and Insights at NSW Land Registry Services, Jerry Goldfried, said September was a strong month for mortgage activity recorded on titles in NSW.
“New mortgage volumes are up compared to last month (August 2020),” he said.
“Major banks continue to perform stronger in the refinance space during COVID-19, and this month Other Domestic banks have turned around their COVID-19 refinancing slide to see numbers strengthen in September,” Goldfried said.
The NSW LRS Analytics and Insights team analyses all new and refinanced mortgages held against residential properties registered on the NSW Land Title Registry. Newly published data from September 2020 compares the past month’s results with yearly trends.
Download the
September Residential Mortgage Activity report.
Residential Mortgage Activity Report from NSW LRS
NSW Land Registry Services hold the most comprehensive title data bank in Australia. We are in a unique position to offer readers a complete view of changes to the NSW property market. Our data solution is designed to assist users understand changes in the mortgage market.
In-depth reporting on mortgage changes for specific lenders and locational data e.g. postcode or even Statistical Area Level 1 is available through a new subscription service, Mortgage Share Insights. For specific queries about Mortgage Share Insights please contact the team at
liaison@nswlrs.com.au