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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 | Jan 2014

Home sweet home: Improving economic conditions increases demand for mortgages

IBISWorld’s Mortgages market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$84bn
Annual Growth 09-14
0.9%
Annual Growth 14-19
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Profit
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Employment
90,386
Businesses
157
Industry Analysis & Industry Trends

Mortgage lenders help consumers to realise the Australian dream of owning a home. However, they were not immune from the economic downturn, which led to a drop in demand for home finance. The industry has been highly volatile since the onset of the financial crisis. During 2007-08 (and in earlier years), the industry grew strongly as a credit boom and strong conditions in the housing market underpinned demand for mortgages. During 2008-09 and 2009-10, revenue plunged as the global financial crisis led demand for credit to fall sharply, and the housing market stalled. The industry rebounded strongly the following year, however, on the back of sharp cuts to interest rates, government support for the industry and pent-up demand for housing... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Mortgages industry in Australia is in the mature stage of its life cycle. Industry value added (IVA) has been more or less growing in line with the rate of growth of the economy over the past decade. IVA is forecast to grow at an annualised 5.1% over the 10 years through 2018-19, while GDP is forecast to grow at 2.5% over the same period. However, IVA growth is being measured off a low base year.

As the key finance supplier to borrowers participating in the Australian real estate market, the industry grew at a faster pace than the overall economy prior to 2008-09. Credit was loose, and the Australian dream seemed easily attainable. Part of the reason was also that the value of real estate was appreciating rapidly over the last decade... 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. The features of a mortgage include 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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