|Big Banks and the Mortgage Wars
With mortgage debt in New Zealand topping $200 billion, the
big banks are in a constant battle to bring home the mortgage dollars. NZ
Herald's Insights team recently conducted a detailed analysis of the domestic
mortgage market, with all 1.7 million land titles broken down by location,
year, and lender. The big four banks - ANZ, Westpac, ASB, and the BNZ - command
the mortgage landscape with 93 percent of loans, with ANZ dominating market
share across most of the country.