Introduction

Reverse mortgages are a way for cash-poor but asset-rich seniors to tap into property equity, and hold strong potential, given an aging population with insufficient retirement funds but holding significant equity. This report analyzes the rapidly growing markets in Australia and New Zealand, identifying factors determining growth, and forecasting future developments.

Scope

Comprehensively covers the reverse mortgage market in Australia and New Zealand, and briefly discusses fledgling Asian markets. Sizes the reverse mortgage market in Australia and New Zealand and provides five-year forecasts under three scenarios. Provides competitor market shares for the major reverse mortgage lenders in Australia and New Zealand. Provides competitor profiles in Australia and New Zealand.

Highlights

Potentially there are almost two million households in Australia that could be eligible for a reverse mortgage. There are currently around 31,500 reverse mortgages outstanding, which equates to around 1.6% of the potential market. There is also significant room for growth in the average size of the loan. The main problem for providers of reverse mortgages is the negative perception these products are subject to. These negative perceptions go further than just affecting potential customers. Lawyers, financial planners, consumer advocates and the media have all been initially suspicious toward reverse mortgages. Both the Australian and New Zealand market is experiencing a stiff competitive climate, with shrinking margins on residential lending in general. Both countries have seen an influx of lenders, arguably more lenders than the current size of the market can sustain.

Reasons to Purchase

Keeps you up to date with the dynamic reverse mortgage sector by providing you with in-depth analysis of the major issues. Plan your strategy with confidence using forecasts of the reverse mortgage market up to 2011. In-depth analysis of lenders' products allowing you to reassess your product strategy.