State of Play: the Australian mortgage marketContact InfoChoice for a sub.
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20080804 SOP2 Cover-A6-hi
- banks are taking market share from non-banks, but not all the gains are flowing to big banks. Some foreign banks and niche banks, such as AMP Banking, are also doing well.
- some non-banks are also doing well, such as La Trobe Financial.
- securitisation as a funding option is not dead. Lenders sold more than $4 billion in mortgage-bonds this year and pricing is improving.
- the household debt burden looks excessive as credit growth slows and property prices fall.
- households purchasing their home in the last three years are more likely to be in housing stress. First-home buyers make up 62 per cent of those in housing stress.
Report published this week.
Contact:
InfoChoice
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