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Non-major lenders increased their share of the Australian home loan market significantly in December according to figures from AFG Mortgage Index. Their market share grew by 23.9% in December alone, reaching 24.3% overall which is up from an average of 19.1% over the previous year. This increase was driven largely by borrowers refinancing their loans, with non-majors seeing their share of this sector rise from 21.0% to 28.8%. The head of sales and operations at AFG commented that the increased competition b

Author

ChrisBecker

Language

EN