Reverse Mortgage Providers in Australia - Industry Market Research Report

Reversed: The effects of the COVID-19 outbreak have reduced industry demand and revenue

Reverse Mortgage Providers in Australia

Operators in the Reverse Mortgage Providers industry have faced difficult conditions over the past five years. While many players resumed issuing new reverse mortgages at the start of the period, some have ceased new lending or have exited the industry over the past five years. Due to government-backed competition and economic uncertainty for lenders throughout the COVID-19 pandemic, industry revenue is anticipated to decline at an annualised 0.4% over the five years through 2021-22, to $271.0 million. Revenue is expected to increase by 4.7% in the current year, due to the economic recovery following the COVID-19 pandemic. Currently, industry services are offered by non-bank providers.

Companies in the industry provide reverse mortgages, which are loans available to seniors that are used to release the equity in a property, usually as a line of credit, lump sum or income stream.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.