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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 | Jun 2014

Variable conditions: Lower interest rates cause revenue to drop despite increased lending

The Mortgages market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$74bn
Annual Growth 09-14
-2.0%
Annual Growth 14-19
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Profit
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Employment
79,359
Businesses
119
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 beginning of the past five years was characterised by consumer deleveraging, low credit availability and generally low sentiment. This started to change as the government lowered the official cash rate and implemented numerous assistance programs to support growth in the residential housing market. As a result, the value of mortgages issued by the industry has grown over the past five years. Approvals of new loans declined only in 2010-11 and have grown at an increasing rate since then. In March 2014, approvals of new loans were 27.7% higher than the previous year... purchase to read more

Industry Report - Industry Investment Chapter

This industry is highly focused on customer service. As taking out a mortgage and purchasing a home is such an important decision in peoples' lives, they prefer to deal with knowledgeable staff that are able to match their needs with the right type of mortgage product. This increases the level of employment that is required compared with capital, with the industry observing a high level of administrative and processing tasks.

Although the industry is increasingly using computer technology to reduce labour costs in the areas of administration, processing and delivery, overall, labour costs far outweigh those related to capital expenditure. Loans processing and administration is a labour-intensive undertaking... 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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