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Market Report - Mortgages in Australia
Datamonitor, Jan 2011, Pages: 82
Introduction
This report analyzes the Australian mortgage market, with a focus on key issues for mortgage providers. These include higher funding costs, a changing regulatory environment, and challenges to public perception.
Features and benefits
- The report uses statistical data as well as interviews with bank executives.
- Provides discussion and analysis of several key issues facing Australian mortgage lenders.
- Analyzes changes in the competitive environment for mortgages.
- Discusses changing consumer preferences for mortgages.
- Includes market share data of the major competitors.
Highlights
- The regulatory changes will have profound effects on the mortgage broker channel. Because of economies of scale and the advantage of being able to more closely work with major lenders, there has been a trend of consolidation of mortgage brokers and aggregators over the last several years.
- There are several indications that fee income from mortgages will come under even further pressure; housing affordability is at an all-time low, the online channel has the potential to provide easier price-comparison and switching, and the number of new lending commitments is forecasted to be relatively weak.
- The difficulty of sourcing funds at a competitive rate has restricted the near-term ability for new entrants in the Australian mortgage market, as well as leaving smaller lenders hamstrung. In the short term, wholesale funding is expected to continue being tight according to industry analysts.
Your key questions answered
- How has the mortgage market changed over the last year?
- How have market shares and competitor positioning changed over the last year?
- What developments are forecasted in the mortgage market and how can they be anticipated?
- How can mortgage providers more effectively market their product?
- How is the aftermath of the global financial crisis affecting the Australian mortgage market?
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