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 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
Annual Growth 09-14
Annual Growth 14-19
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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 Locations Chapter

Unsurprisingly, the Mortgage industry in Australia is dispersed more or less in line with population. Additional factors affecting dispersion include movement of labour. For example, many people move to Canberra to work for the Federal Government or a related organisation, but this is often not a permanent move. Therefore, renting is often preferred. Similarly, many people have moved to Perth and other areas of Western Australia to cash in on Australia's booming resources industries. Also affecting the value of loans taken out is the overall value of the housing market; i.e. the median house price... 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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