Market Research Report
Australian Consumer Credit: Forecasts and Future Opportunities 2018
|Published by||GlobalData||Product code||479848|
|Published||Content info||36 Pages
Delivery time: 1-2 business days
|Australian Consumer Credit: Forecasts and Future Opportunities 2018|
|Published: February 8, 2019||Content info: 36 Pages||
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.
Australian consumers are increasingly using the internet to find the best loan packages. However, still 58% of Australian consumers holding personal loans borrowed from their existing main transaction account provider. This shows there is ample opportunity to capitalize upon cross-selling opportunities.
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.
The report "Australian Consumer Credit: Forecasts and Future Opportunities 2018", analyzes the Australian consumer credit market, with coverage of both supply and demand factors as well as sectorial analysis.