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Mortgages in Australia
Datamonitor, Dec 2009, Pages: 119
The Australian mortgage market has tentatively started to recover from the effects of the global financial crisis. Lending commitments have bounced back after a sharp fall in 2008, largely based on unusually high first time buyer activity. This report puts the current situation in its historical perspective, describes current trends in the market, and analyzes future developments.
Scope
- Includes a comprehensive overview of the Australian residential mortgage market.
- Draws upon a large The consumer survey to gain insights into the current mindset of the Australian mortgagor.
- Includes market overview, analysis of competitors and outline of future developments.
- Provides three scenario forecasts for lending commitments in Australia until 2013.
Highlights of this title
Lending commitments have grown strongly over the last ten years, but dipped in the first half of 2008. In July 2000 lending commitments of A$7.5 billion were granted, and in July 2009 A$22.5 billion of lending commitments were granted, representing a CAGR of 12.9% over the period.
First home buyer activity has surged as a result of government subsidies and a low interest rate environment. The absence of non-bank lenders and a consumer preference for the perceived safety of large domestic banks led to opportunities for the largest four banks.
Satisfaction levels have converged between different financial institutions in the last year. In both 2008 and 2009, NAB was the lowest rated bank in terms of proportion of quite or very satisfied mortgagors, and ANZ was the highest rated, but the difference between the institutions was greater in 2008.
Key reasons to purchase this title
- Plan your future strategy with confidence using The scenario-based forecasts of Australian lending commitments until 2013.
- Understand the challenges the mortgage industry is facing, as well as the opportunities, at this pivotal time.
- In-depth analysis of how Australian providers approach different issues, allowing you to reassess your strategy.
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Mortgage Outlook in Australia 2011
Customer Loyalty in Australian Financial Services
Mortgages in Australia 2008
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Market Report - Mortgages in Australia
Bundling in Retail Banking in Australia
The Australian Mortgage Broker Survey 2011
UK Mortgages 2010
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