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Personal Lending in Australia 2004
Datamonitor, March 2004, Pages: 125


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Introduction

At the beginning of 2004, Australian consumer credit aggregates amounted to more than AUS$95 billion. Yet, the end of 2003 saw increases in the Reserve Bank's cash rate target. What will the new macroeconomic environment mean for competitors in the Australian personal lending market, and which products and competitors will be the ones to watch in 2004?

Scope

-Australian personal lending market including personal loans, credit cards, personal overdrafts, retail finance, equity unlock loans and margin loans
-Wealth of data from various primary and secondary sources, including a series of in-depth interviews with experts working in the lending industry
-Includes competitor market share information for the Australian personal loan, credit card and personal overdraft market
-Provides five-year forecasts of the personal lending market according to two scenarios

Report Highlights

As Australia dithers on the collection of positive credit record information many Asian countries are improving the amount of positive credit record information that they collect.

Although over the period 1999-2003 the big five Australian banks have grown their combined share of the credit card market, since 2001 they have actually seen their market share fall by more than five per cent.

As there is a growing divergence between the value and cost of credit card reward schemes consumers whose card choices are motivated by these schemes will consider charge cards more attractive. However, it is prudent not to exaggerate the potential for charge card companies to increase their market share over the next few years.

Reasons to Purchase

Benefit from our independent opinion on the competitors and products that will perform well in 2004.

Identify future competitive threats and opportunities facing players in the personal lending market.

Gain invaluable insight into the future direction of the Australian personal lending market using Datamonitor’s unique five-year market forecasts.




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