Major Reasons for an Increase in the Number of Institutions Offering Home Loan Products and in the Number of Home Loan Products Offered in the Australian Home Loan Market

Having completed our exposition on the importance of housing, the primary motivation of this chapter is to briefly explore the major reasons for the recent explosion in the number of institutions offering home loan products and in the number of home loan products offered in Australia. In doing so, the following factors will be considered: the size, composition and changes in both total and home lending in Australia; the consequences of the two most recent rounds of financial system deregulation; trends in interest rate and property prices and; recent changes in the typical borrower’s behaviour. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.