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Mortgages in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Mortgages Market Research Report | ANZSIC X0010 | May 2016

Unfixed: Cuts to the cash rate cause revenue to decline, despite growing mortgage portfolios

IBISWorld’s Mortgages market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$87bn
Annual Growth 11-16
-0.9%
Annual Growth 16-21
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Profit
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Employment
157,782
Businesses
109
Industry Analysis & Industry Trends

The Mortgages industry plays a key role in the dream of home ownership for many people, and this is evident in the growing asset base of the overall industry. The beginning of the past five-year period was characterised by consumer deleveraging and low credit availability. However, as the government lowered the official cash rate and implemented numerous assistance programs to support growth in the residential housing market, these trends shifted. As a result, the value of mortgages issued by the industry has grown strongly over the past five years. New loan approvals declined in 2010-11, but have grown rapidly since then. In June 2015, approvals of new loans were 12.1% higher than in the previous year... purchase to read more

Industry Report - Starting a New Business Chapter

The Mortgages industry exhibits high barriers to entry. To be able to issue home loans, a lending institution requires access to capital for providing loans. Therefore, a firm considering entry into the Mortgage industry in Australia must first establish a reliable source of funding. The cost of funding is important as it determines how competitively priced the new entrant's products will be. Since the exit of investors from securitisation markets following the global financial crisis, funding has become far more difficult to obtain, lead to increased barriers to entry.

Entrants that are able to overcome the funding issues must also have adequate distribution channels and the geographic reach to be able to compete successfully... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Mortgages Industry?

This industry comprises the mortgage lending activities of authorised deposit-taking institutions (ADIs). ADIs include banks, building societies and credit unions. A mortgage is a loan secured by real property with features such as loan size, maturity, interest rate and payment method. Loan size depends mostly on the value of the securing property. Mortgages can be refinanced to reflect property revaluations. The industry does not include mortgage brokers.

Industry Products
Standard variable loansBasic variable loansFixed-rate loansLine of credit
 
Industry Activities
Mortgage originationMortgage refinancing


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