Housing Equity in the Australian Mortgage Market 2005 considers the ways in which home equity is used in Australia. It considers the growth of the Australian mortgage market in recent years and the role of home equity utilization. The report then looks at the amount of housing equity released in recent years and concludes with a discussion of the future of equity release products in Australia.
Scope of this title: - This report focuses on equity held in properties in Australia and its importance in the Australian mortgage market - Qualitative analysis of mainstream products, home reversion plans and shared appreciation/equity loans - Quantitative analysis of reverse mortgages and market forecasts of the market to 2010
Highlights of this title: We estimate that the total value of loans advanced in the reverse mortgage market more than doubled in 2005. In 2004 the market was estimated to be AUS$250 million.
Shared appreciation/equity loans consumers would be considered too expensive in the rapidly rising market of recent years, but We believes the market may now be ripe for their introduction.
It is our opinion that rather than waiting for regulation from APRA or ASIC all providers should join SEQUAL. We consider that the reverse mortgage product is targeting a vulnerable part of the community and in the absence of government regulation a uniform code of conduct is required.
Reasons to order your copy: - With information from industry interviews with 15 of the 19 reverse mortgage providers in Australia, find out what your competitors are thinking - With market sizing, find out what your market share is in the reverse mortgage space - Market forecasts give you an invaluable insight into where the market is going to 2010
