Australian Consumer Credit-Forecasts and Future Opportunities 2018 | Society One, National Australia Bank, ANZ, Macquarie, Commonwealth Bank of Australia, Westpac, Ratesetter, SocietyOne, Afterpay, etc

Australia's overheating property market gradually lost steam in 2018 due to investors feeling jittery along with foreign capital outflows. Although falling property prices are good news for Australian buyers who have been priced out over the past few years, the current economic environment is pushing the market on the defensive. Business confidence is falling, influenced by uncertain ties in the greater global economic atmosphere. While this has not yet affected consumer confidence, the pressure will certainly be felt in the near term. With this in mind the next few years will be challenging for the Australian lending market.

Australian Consumer Credit Market research report is being presented with a motive to enrich readers by offering an extensive and explicit analysis of Australian Consumer Credit industry. The report covers each characteristic of the Australian Consumer Credit industry including market growth.

Top Key Players: Society One, National Australia Bank, ANZ, Macquarie, Commonwealth Bank of Australia, Westpac, Ratesetter, SocietyOne, Afterpay, Kogan, Temple & Webster, Latitude Finance.

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Specifically the report explores-

-Specialist loan providers are rapidly increasing their market share at the expense of established authorized deposit-taking institutions, recording a compound annual growth rate of 7.9% between June 2010 and June 2017.

-Business confidence has sharply decreased since Q2 2018. While consumer sentiment is still on the up, declining business confidence will affect consumers over the near term, which in turn will tighten up consumer consumption.

-Strong growth figures from the P2P sector mask the fundamental problem of low consumer awareness, despite high levels of online research. The small digital marketing budgets of P2P lenders relative to established banks and specialist finance lenders will likely hamper their growth prospects.

Scope

-How the personal lending market faired in the previous year and what the future will hold.

-Factors that will affect the personal lending market.

-Net changes in market share across product areas.

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Reasons to buy

-Which factors will impact the supply of lending-

-Which factors will affect consumer demand for credit-

-Which sectors offer the best prospects and opportunities for expansion over the next few years.

Table of Contents:

EXECUTIVE SUMMARY
1.1. Market summary

1.2. Key findings

1.3. Critical success factors

OVERVIEW
2.1. Personal lending balances decreased in 2018

2.2. Macroeconomic disparities across Australia's states have led to debt concentration increasing

OUTLOOK FOR 2018 AND BEYOND
3.1. Total fixed and revolving credit loans will reach A$164.7bn by 2022

3.2. Demand for credit will slow

APPENDIX
4.1. Abbreviations and acronyms

4.2. Supplementary data

4.3. Definitions

4.4. Methodology

4.5. Bibliography

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