SEARCH   
MEMBER LOGIN    

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

IBISWorld’s Mortgages market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$74bn
Annual Growth 09-14
-2.0%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
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 Products Chapter

The Mortgages industry writes two major types of mortgages: fixed-rate loans and variable-rate loans. The variable-rate loan market is far more dynamic than the fixed-rate market, with several different types available with unique features that cater for the varying needs of borrowers. Other loan types include lines of credit and low documentation (low doc) loans.

Standard variable loans

The most common type of mortgage is the standard variable loan. This loan has a fluctuating interest rate depending on the underlying cash rate, as set by the RBA. Standard variable loans offer more features than a basic variable, such as an offset account, early repayment options or a redraw facility. However, this flexibility comes at a cost... 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


View Sample
Quote
Select Clients