Macquarie mortgage book balloons

The stellar growth in the home loan book of Macquarie Bank is a highlight, once more, of APRA's monthly data set on banks' portfolios.

Macquarie's stock of home loans jumped A$1.7 billion or nine per cent to $20.8 billion over October, reflecting the purchase of a A$1.5 billion book of mortgages, put on the market in July by ING Direct.

Over only eighteen months Macquarie has built its home loan market share in Australia from less than one per cent to 1.6 per cent, most of it organic growth sourced through third parties.

Deviation from "system growth" is otherwise pretty muted across the sector.

National Australia Bank and ANZ have also grown slightly above system over the past three and six months

One mutual, Defence Bank , has also maintained above system growth over the last six months.

On the liability side, Citi and HSBC are two banks generating inflows well above system.