The Deloitte Australian Mortgage Report
2011 Reforming the Agenda
The annual Deloitte Australian Mortgage Report: 2011 Reforming the Agenda reveals that despite mortgage lending continuing to slow in 2010, positive signs are emerging. Growth in mortgage settlements is expected to be between 5%-10%, with funding continuing to recover as new options for competition are explored. Covered bonds and bullet RMBS will ensure a price effective option for banks of all sizes to deliver better mortgage pricing to consumers.
With the outlook for 2011 geared to consumers benefitting from the NCCP’s strengthened lending guidelines and improved choices, the $1.1 trillion of outstanding mortgage lending will continue to rival the current $1.3 trillion superannuation sector in both size and significance. Empowering consumers, increasing competition and lowering the cost of borrowing will reform the agenda for 2011.
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