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Country Report

Consumer Lending in

Consumer Lending in Australia

9 pages, Jan 2018

US$2,100

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Growth in overall consumer lending

Consumer lending in Australia continued in 2017 to record a positive performance. This was primarily driven by the unrelenting demand for housing that led to double-digit growth for mortgages/housing.

Tipping point in housing growth

The housing market in key cities across Australia in 2017 saw strong growth that pushed house prices to rise at low double-digit annual rates; however, tightening of investor loan requirements resulted in a decline in foreign demand, an increasing number of house completions and the imposition of stricter regulations on interest-only loans by regulator APRA, which led to a softening of the housing market. Many analysts revised down their forecasts in these key cities and are expecting a pullback in the housing market.

The arrival of technology-driven payment solutions

Technology-driven payment solutions, such as Afterpay and zipPay, grew in popularity over the review period. These payment solutions, which have strong appeal among millennials, allow consumers to gain ownership of consumer goods without having to pay the full cost immediately.

Low wage growth holds back consumer spending

Low wage growth, significant mortgage loans and rising costs meant that households found it challenging to meet mortgage repayments from their current income and had to cut back in other areas such as auto, durables and home lending. Reserve Bank of Australia is concerned that elevated levels of household debt may limit consumption growth.

Mortgages/housing set to heavily influence the performance over the forecast period

Mortgages/housing, which accounted for close to half of total gross lending in 2017, is expected to influence the performance of consumer lending over the forecast period. The housing market in Australia was one of the most-talked-about subjects over the review period and the performance of the housing market will heavily influence the performance of consumer lending in Australia.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Consumer Lending industry in Australia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Consumer Lending industry in Australia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Consumer Lending in Australia market research report includes:

Analysis of key supply-side and demand trends
Historic volumes and values
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Consumer Lending in Australia?
What are the major trends set to impact the market in Australia?
What capacity for consumer debt still exists in the market?
What’s the state of credit quality in the market?
Has the economic downturn reset the lender competitive landscape?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Consumer Lending in Australia, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.

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Consumer Lending in Australia - Industry Overview

EXECUTIVE SUMMARY

Growth in overall consumer lending

Tipping point in housing growth

The arrival of technology-driven payment solutions

Low wage growth holds back consumer spending

Mortgages/housing set to heavily influence the performance over the forecast period

MARKET DATA

Table 1 Consumer Lending: Outstanding Balance by Category: Value 2012-2017
Table 2 Consumer Lending: Outstanding Balance by Category: % Value Growth 2012-2017
Table 3 Consumer Lending: Gross Lending by Category: Value 2012-2017
Table 4 Consumer Lending: Gross Lending by Category: % Value Growth 2012-2017
Table 5 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2012-2017
Table 6 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2012-2017
Table 7 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2012-2017
Table 8 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2012-2017
Table 9 Forecast Consumer Lending: Outstanding Balance by Category: Value 2017-2022
Table 10 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2017-2022
Table 11 Forecast Consumer Lending: Gross Lending by Category: Value 2017-2022
Table 12 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2017-2022

SOURCES

Summary 1 Research Sources

Consumer Credit in Australia - Category analysis

HEADLINES

PROSPECTS

Official cash rate in Australia is unchanged in 2017

Has housing in Australia reached its peak?

Rising household debt levels in Australia

COMPETITIVE LANDSCAPE

Changing landscape intensifying the pressure on traditional providers

Emergence of technology-driven payment companies

Risks to be assessed

CATEGORY DATA

Table 13 Consumer Credit: Outstanding Balance by Category: Value 2012-2017
Table 14 Consumer Credit: Outstanding Balance by Category: % Value Growth 2012-2017
Table 15 Consumer Credit: Gross Lending by Category: Value 2012-2017
Table 16 Consumer Credit: Gross Lending by Category: % Value Growth 2012-2017
Table 17 Forecast Consumer Credit: Outstanding Balance by Category: Value 2017-2022
Table 18 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2017-2022
Table 19 Forecast Consumer Credit: Gross Lending by Category: Value 2017-2022
Table 20 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2017-2022

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Megatrends

Country Report

Consumer Lending in Australia

New Report Guarantee

Executive Summary

New Report Guarantee

Growth in overall consumer lending

Tipping point in housing growth

The arrival of technology-driven payment solutions

Low wage growth holds back consumer spending

Mortgages/housing set to heavily influence the performance over the forecast period

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Consumer Lending in Australia - Industry Overview

EXECUTIVE SUMMARY

Growth in overall consumer lending

Tipping point in housing growth

The arrival of technology-driven payment solutions

Low wage growth holds back consumer spending

Mortgages/housing set to heavily influence the performance over the forecast period

MARKET DATA

SOURCES

Consumer Credit in Australia - Category analysis

HEADLINES

PROSPECTS

Official cash rate in Australia is unchanged in 2017

Has housing in Australia reached its peak?

Rising household debt levels in Australia

COMPETITIVE LANDSCAPE

Changing landscape intensifying the pressure on traditional providers

Emergence of technology-driven payment companies

Risks to be assessed

CATEGORY DATA

Why buy this report?

Want to find out more about this report?

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