Market Research Report
Australian Consumer Credit 2019: Review, Forecasts, and Future Opportunities
|Published by||GlobalData||Product code||937701|
|Published||Content info||48 Pages
Delivery time: 1-2 business days
|Australian Consumer Credit 2019: Review, Forecasts, and Future Opportunities|
|Published: May 18, 2020||Content info: 48 Pages||
The Australian consumer credit market has been characterized by continued weakness as consumers prioritize mortgage debt over consumer debt. The growth of the Australian mortgage market combined with high debt servicing costs has displaced the consumer credit market as a less competitive form of finance. Balances outstanding for both personal loans and credit cards are not expected to grow until 2021, with COVID-19 expected to significantly disrupt the economy and change buying habits.
This report provides information and insight on the Australian consumer credit market. It includes details of the overall personal loans and credit card market; a look at the Australian macroeconomic scene; the competitive environment among the main consumer credit and buy now, pay later players; information regarding customer behavior and sentiment; and analysis of recent regulatory changes.