Knowledge Hub

In-depth analysis of Australian Consumer Credit Market

Press release   •   Jul 31, 2017 07:19 EDT

MarketResearchReports.Biz presents this most up-to-date research on "Australian Consumer Credit: Forecasts and Future Opportunitie".

The Australian consumer credit market is forecasted to trend upwards at a modest pace over the next few years. The biggest providers are looking to increase their lending, mainly to prime borrowers with good risk profiles. Consumer confidence has recently started to improve, and this is likely to translate into increased demand for credit.

Synopsis

  • Gain an in-depth understanding of the factors that will drive the consumer credit market over the next few years.
  • Learn where the best opportunities for future growth in the unsecured market lie.
  • Access Verdict Financial's five-year lending forecasts and discover how each sector of the consumer credit market will perform relative to one another.

Download Sample copy of this Report @ https://www.marketresearchreports.biz/sample/sample/453826

ReasonsToBuy

  • Which lines of credit will enjoy the best prospects for growth in the coming years?
  • What are the prospects for sectors such as debt consolidation and auto loans?
  • What developments will influence market trends and product innovation in consumer credit over the next few years?

Have Any Query? Ask Our Expert @ https://www.marketresearchreports.biz/sample/enquiryBuy/453826

Key Highlights

  • 2013 saw a recovery in the consumer credit market. Total gross lending rose from A$87.5bn in 2012 to A$96.3bn 1bn in 2013, a 10.19.9% increase. The dark days of shrinking gross advances which have characterized much of the market since the global financial crisis have finally been relegated to the past.
  • Across the different loan segments and according to Verdict Financials forecast, the decline since 2007 will have tapered off by the end of 2012. The market grew a fair bit in 2013 and is expected to continue to result in stable and steady growth for the next few years to 2018.
  • From Verdict Financial's forecast, debt consolidation and refinancing are the two largest categories of consumer credit, and by 2018 are forecast to grow to A$56.4bn and A$41.5bn respectively after credit cards. On the other hand, line of credit and household goods will record the largest growth rate fueled by a robust Australian property market.

About us

MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.

Contact

Mr. Nachiket

State Tower

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-621-2074

Website: http://www.marketresearchreports.biz/

Email: sales@marketresearchreports.biz