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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 | Nov 2014

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

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
$86bn
Annual Growth 10-15
1.9%
Annual Growth 15-20
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Profit
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Employment
79,949
Businesses
118
Industry Analysis & Industry Trends

Mortgage lenders help consumers to realise the dream of owning a home. The industry was not immune to 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 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 the previous year... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Mortgage industry in Australia displays a medium level of market share concentration, with the four largest players accounting for just under 67% of industry revenue in 2014-15. Over the past two decades, industry concentration has been on the rise. The financial crisis increased the industry's concentration, as it forced the larger players to consolidate when the industry underwent drastic structural change.

Mergers and takeovers, including the merger of Westpac and the Bank of Melbourne, have had a drastic influence on the concentration level of the industry. That move brought together two significant players, positioning Westpac among the four largest Australian banks. Another significant acquisition that took place was ANZ's purchase of the National Bank of New Zealand... 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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