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Country Report

Consumer Lending in

Consumer Lending in Australia

Oct 2019

US$990

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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!

Interest rates are cut again as the economy slows

In 2019, the Reserve Bank of Australia made its first back-to-back interest rate cut since the European bank crisis in 2012. The government hopes the cut will help to shrink unemployment and align inflation rates with its target band.

Banks adjust borrowing criteria to stimulate property lending

Macquarie and Suncorp banks have made it easier for consumers to borrow money when purchasing property. Their easing of lending criteria follows regulatory changes and declines in interest rates.

Banking increasingly heads online

The trend towards digital banks is increasing in Australia as more people look for an easier, quicker and in some cases cheaper banking experience. This shift has led to the arrival of neobanks such as Xinja and Volt in the country, which have already been granted restricted ADI licences to operate.

Greater data control for customers thanks to open banking

The concept of open banking is presently being trialled in Australia and stands to intensify competition further among banks. Open banking will allow consumers greater access to financial data, eg pertaining to credit and debit cards, and to have personal financial information easily accessible and transferable to other financial institutions.

The lending process is being redefined by fintech

Technology has reshaped the services and payments sector in Australia and in the review period, the lending industry is in the midst of an overhaul. Gone are the days when a slow and bloated consumer lending process is acceptable.

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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

Interest rates are cut again as the economy slows

Banks adjust borrowing criteria to stimulate property lending

Banking increasingly heads online

Greater data control for customers thanks to open banking

The lending process is being redefined by fintech

MARKET DATA

Table 1 Consumer Lending: Outstanding Balance by Category: Value 2014-2019
Table 2 Consumer Lending: Outstanding Balance by Category: % Value Growth 2014-2019
Table 3 Consumer Lending: Gross Lending by Category: Value 2014-2019
Table 4 Consumer Lending: Gross Lending by Category: % Value Growth 2014-2019
Table 5 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2014-2019
Table 6 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2014-2019
Table 7 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2014-2019
Table 8 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2014-2019
Table 9 Forecast Consumer Lending: Outstanding Balance by Category: Value 2019-2024
Table 10 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2019-2024
Table 11 Forecast Consumer Lending: Gross Lending by Category: Value 2019-2024
Table 12 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2019-2024

SOURCES

Summary 1 Research Sources

Consumer Credit in Australia - Category analysis

HEADLINES

PROSPECTS

Open banking heralds greater access to data for consumers, while borrowing dips notably

Rising residential prices cause buyers to compromise

Calls for Afterpay to abide by tighter regulations

COMPETITIVE LANDSCAPE

Fintech players attract the modern consumer

Government inquiry could see crackdown on extortionate short-term lending, while competition in home lending is set to heat up

Neobanks could be the future

CATEGORY DATA

Table 13 Consumer Credit: Outstanding Balance by Category: Value 2014-2019
Table 14 Consumer Credit: Outstanding Balance by Category: % Value Growth 2014-2019
Table 15 Consumer Credit: Gross Lending by Category: Value 2014-2019
Table 16 Consumer Credit: Gross Lending by Category: % Value Growth 2014-2019
Table 17 Forecast Consumer Credit: Outstanding Balance by Category: Value 2019-2024
Table 18 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2019-2024
Table 19 Forecast Consumer Credit: Gross Lending by Category: Value 2019-2024
Table 20 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2019-2024

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Megatrends

Country Report

Consumer Lending in Australia

New Report Guarantee

Executive Summary

New Report Guarantee

Interest rates are cut again as the economy slows

Banks adjust borrowing criteria to stimulate property lending

Banking increasingly heads online

Greater data control for customers thanks to open banking

The lending process is being redefined by fintech

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

Interest rates are cut again as the economy slows

Banks adjust borrowing criteria to stimulate property lending

Banking increasingly heads online

Greater data control for customers thanks to open banking

The lending process is being redefined by fintech

MARKET DATA

SOURCES

Consumer Credit in Australia - Category analysis

HEADLINES

PROSPECTS

Open banking heralds greater access to data for consumers, while borrowing dips notably

Rising residential prices cause buyers to compromise

Calls for Afterpay to abide by tighter regulations

COMPETITIVE LANDSCAPE

Fintech players attract the modern consumer

Government inquiry could see crackdown on extortionate short-term lending, while competition in home lending is set to heat up

Neobanks could be the future

CATEGORY DATA

Why buy this report?

Want to find out more about this report?

Recently Viewed

Recently Viewed

Megatrends

Country Report

Consumer Lending in Australia

New Report Guarantee

Executive Summary

New Report Guarantee

Interest rates are cut again as the economy slows

Banks adjust borrowing criteria to stimulate property lending

Banking increasingly heads online

Greater data control for customers thanks to open banking

The lending process is being redefined by fintech

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

Interest rates are cut again as the economy slows

Banks adjust borrowing criteria to stimulate property lending

Banking increasingly heads online

Greater data control for customers thanks to open banking

The lending process is being redefined by fintech

MARKET DATA

SOURCES

Consumer Credit in Australia - Category analysis

HEADLINES

PROSPECTS

Open banking heralds greater access to data for consumers, while borrowing dips notably

Rising residential prices cause buyers to compromise

Calls for Afterpay to abide by tighter regulations

COMPETITIVE LANDSCAPE

Fintech players attract the modern consumer

Government inquiry could see crackdown on extortionate short-term lending, while competition in home lending is set to heat up

Neobanks could be the future

CATEGORY DATA

Why buy this report?

Want to find out more about this report?

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