Over 95% of all new home loans originated through brokers in latest financial year
Macquarie's home loan portfolio reached $181.3 billion at 31 March 2026, up 28% on the prior year.
This growth was driven primarily by demand in lower loan-to-value ratio (LVR) and owner-occupier lending. The average LVR at origination sits at a conservative 65%, with an average dynamic LVR of 51%, reflecting a well-secured book.
Macquarie’s portfolio now represents approximately 7.1% of the Australian market, which head of broker sales Wendy Brown (pictured) said "is a big milestone if you consider the highly competitive nature of the market".
“We recognise the growth in our home lending business over the past year, and indeed throughout our history, is thanks to our broker partners," said Brown. "It is brokers who are recommending us to their clients – driving our success and making more Australians nationwide Macquarie Bank customers.”
This exceptional mortgage book growth contributed to net interest income growth of 7%, although Macquarie was candid about the challenges ahead.
The bank warned that “market dynamics and portfolio mix… continue to drive lower margins", which is a theme consistent with the broader Australian banking sector.
The broker channel remains Macquarie's dominant origination pathway, with more than 95% of all home loans originated through brokers.
Macquarie reiterated that technology investment has enabled market-leading turnaround times, citing that it was named Bank of the Year in the 2025 MPA Brokers on Banks survey for the fourth consecutive year and MFAA Major Lender of the Year for the sixth consecutive year.
Chief executive Shemara Wikramanayake said: “Macquarie remains well positioned to deliver superior performance in the medium term with established, diverse income streams; deep expertise across diverse sectors in major markets with structural growth tailwinds; patient adjacent growth across new products and new markets; ongoing investment in our operating platform; a strong and conservative balance sheet; and a proven risk management framework and culture.”
On the top line, net profit after tax came to $4.8 billion, up 30% on the previous year. The second half was particularly powerful, with profit of $3.2 billion – up 93% on the first half.
The board declared a full-year dividend of $7 per share, a 50 cent bump up from the previous year.
Read more: Macquarie's Wendy Brown: Loudly and proudly pro-broker
Brown added: “Beyond our financial results, I'm proud that over the past year we have doubled down on our broker proposition. We’ve invested in our BDM and credit assessment teams and continued to enhance our digital experience. That momentum is helping us grow strongly alongside our broker partners.
“As we continue to grow, we’re committed to remain focused on what matters most to brokers and their customers, including market leading turnaround times, clear and consistent credit decisioning and responsive support. We know this gives brokers the confidence they need to set clear expectations with their customers and follow through on them, which translates into a better for everyone involved.”
