Investor Presentaiton
Australian mortgages.
Interest only and investment property lending.
I/O lending by dynamic LVR1 and income band (%)
Applicant gross income bands
<$100k $100k-$250k
55
17
■>$250k
33
10
27
12
17
6
6
11
<=60%
60%<=80%
Dynamic LVR bands (%)
>80%
32
Investment property portfolio by number of
properties per customer (%)
25
7
211
0
■1
■ 2
4
64
■ 5
6+
Chart does not add due to rounding
Investment property lending (IPL) portfolio
Mar-20 Sep-20 Mar-21
Scheduled I/O term expiry² (% of total I/O loans)
Investment property loans ($bn)
167
161
157
LVR of IPL loans at origination (%)
72
72
72
Weighted
averages1
LVR of new IPL loans in the period² (%)
70
69
70
25
25
18
11
11
11
23
Dynamic LVR1 of IPL loans (%)
57
57
54
Average loan size³ ($'000)
322
320
320
Customers ahead on repayments
60
62
63
4<5 Yrs
75
Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack
5<10 Yrs
10 Yrs+
1 Dynamic LVR is the loan-to-value ratio taking into account the current loan balance, changes in security value, offset account balances and other loan adjustments. Property valuation source CoreLogic. 2 Based on outstanding balance. Excludes line
of credit loans, I/O loans without date (including bridging loans and loans with construction purpose) and I/O loans that should have switched to P&I but for the previously announced mortgage processing error. 3 Includes amortisation. Calculated at
account level where split loans represent more than one account. 4 Customer loans ahead on payments exclude equity/line of credit products as there are no scheduled principal payments.
including offset accounts 4 (%)
90+ day delinquencies (bps)
78
148
118
Annualised loss rate (net of insurance claims) (bps)
5
3
3
Westpac GROUP
Mortgage asset qualityView entire presentation