Mortgage advisers dominate ANZ's new home lending

Advisers originated 60% of ANZ's new lending in the year ended Sept 30, up from 56% the previous year, its Australian parent's slides show.

That means half of ANZ's total mortgage book on Sept 30 was originated by brokers, up from 47% the previous year and 43% in the 2021 financial year, with its share of New Zealand home loans remaining steady at 30.4%.

Home loans continue to make up an ever-increasing percentage of ANZ's total lending, reaching 80.2% of total lending on Sept 30, up from 78.3% a year earlier.

Chief executive Antonia Watson said economic conditions were “difficult” but home lending was still up 3% for the year, while business and agri lending fell 2%.