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
Annual Growth 11-16
Annual Growth 16-21
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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 - Industry Key Buyers Chapter

The Mortgage industry in Australia displays a high level of market share concentration, with the four largest players accounting for over 70% of industry assets. Over the past two decades, industry concentration has been on the rise. The financial crisis forced larger players to consolidate when the industry underwent drastic structural change.

Mergers and takeovers, including the merger of Westpac and the Bank of Melbourne, have had a drastic influence on the concentration level of the industry. That move brought together two significant players, firmly positioning Westpac as one of the larger players among the big four Australian banks. Another significant acquisition that took place was ANZ’s purchase of the National Bank of New Zealand... 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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