Lending Landscape in Australia: Opportunities and Risks to 2023 (including Consumer Survey Insights)
Lending Landscape in Australia: Opportunities and Risks to 2023 (including Consumer Survey Insights)
Summary
Australia’s total loan balances outstanding (including credit card balances, personal loan balances, and residential mortgage balances outstanding) recorded a healthy compound annual growth rate (CAGR) of 5.7% during 2014-18 to reach A$1,957.0bn ($1,378.9bn). The majority of Australia’s loan balances outstanding come from home loans.
However, the improvement in the overall health of the economy, coupled with increasing income levels and declining unemployment, is expected to impact the growth in total loan balances outstanding in the coming years. Additionally, high household debt is diminishing consumers’ capacity for acquiring loans and thus affecting the growth of the country’s loans market.
Based on our proprietary datasets, this report analyzes Australia’s lending market, with a focus on the consumer lending segment. The report discusses in detail the credit card, personal loan, and mortgage loan markets by covering market size, competitors’ market share, and survey insights. The report also provides a market overview and insights on the commercial lending segment. In addition, it covers the key digital disruptors in the country’s retail lending segment.
Scope
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