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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 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 Key Buyers Chapter

The Mortgage industry in Australia displays a medium level of concentration, with the four largest players accounting for a market share of just over 68% of industry revenue. Over the past two decades, industry concentration has been on the rise. The financial crisis accelerated the pace of concentration in the industry, as it forced the larger players to consolidate when the industry underwent drastic structural change.

Mergers and takeovers, including that 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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