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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 | Jul 2015

Variable conditions: Interest rates hikes are set to increase industry revenue

IBISWorld’s Mortgages market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$76bn
Annual Growth 11-16
-3.5%
Annual Growth 16-21
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Profit
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Employment
157,782
Businesses
117
Industry Analysis & Industry Trends

The Mortgages industry plays a key role in the dream of home ownership for many households, 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, low credit availability and generally low consumer sentiment. This started to change, however, 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. New loan approvals declined in 2010-11, but have grown at an increasing rate since then. In March 2014, approvals of new loans were 27.7% higher than in the previous year... purchase to read more

Industry Report - Industry Analysis Chapter

The Mortgages industry has endured quite a volatile ride over the past five years. The persistent theme throughout the period has been growth in mortgage portfolios being offset by falling interest rates. The total amount of mortgages outstanding is forecast to grow at an annualised 5.9% over the five years through 2015-16 to reach $1.7 trillion. The falling cash rate, however, has been a major problem for the industry. To boost non-mining sectors of the economy, the Reserve Bank of Australia (RBA) has gradually cut the cash rate to historic lows over the past five years. Industry revenue is projected to decline at an annualised 3.5% over the five years through 2015-16 to reach $76.1 billion... 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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