Investor Lending Surges in March 2026 as Macquarie and ING Outpace the Big Four

Investor Lending Surges in March 2026 as Macquarie and ING Outpace the Big Four

Australia's latest APRA lending statistics confirm what many in the market have sensed: property investors are back in force, and they are increasingly bypassing the major banks.

What the APRA Data Shows

APRA's Monthly Authorised Deposit-taking Institution Statistics (MADIS) for March 2026, released 30 April, reveal a notable acceleration in investor lending. Macquarie Bank and ING have emerged as the standout performers, growing their mortgage books at a pace that leaves Commonwealth Bank, ANZ, Westpac and NAB well behind. Meanwhile, BOQ and Suncorp retreated from the market during the same period.

The shift mirrors broader confidence returning to the investment property sector. Despite the cash rate sitting at 4.10% — unchanged since March 2026 — demand from property investors continues to build, particularly in segments where rental yields remain attractive.

Why Investors Are Still Active at 4.10%

Several factors explain the resurgence of investor lending even in a high-rate environment:

• Rental yields at record highs: CoreLogic data confirms rental costs have reached record levels nationally, with annual rental growth reaccelerating. For investors, the yield equation looks better than it has in years.
• Sydney and Melbourne softening creates entry points: As dwelling values in the two largest cities ease, investors are identifying opportunities to enter at lower price points.
• Non-bank and alternative lenders offering competitive terms: Macquarie and ING are filling the gap left by tightening credit policies at the major banks, while non-bank lenders continue to serve segments the banks cannot.

What This Means for Self-Employed Investors

For self-employed borrowers and small business owners looking to grow a property portfolio, the APRA data carries an important message: the major banks are not your only option — and may not be your best option.

Non-bank lenders like MPFG Capital specialise in investor lending for clients who fall outside traditional bank credit criteria, including those with irregular income, multiple entities, or complex tax structures. Alt Doc loan products allow investors to demonstrate serviceability via BAS statements, accountant letters, or bank statement analysis rather than standard payslips.

With investor lending accelerating and competition among lenders intensifying, borrowers with strong asset positions have more options today than at any point in recent years.

Key Numbers to Know

Sources: APRA MADIS March 2026; The Adviser; Australian Broker

If you are a self-employed investor looking to grow your portfolio and have been told "no" by a major bank, speak with MPFG Capital. Our Alt Doc and investor loan products are designed for exactly this market. Call 03 9696 8888 or email finance@mpfg.com.au.

This article is general information only and does not constitute financial advice. Lending criteria apply. MPFG Capital (ACL 553698).