$442.5m
$XX.Xm
265
11
$XX.Xm
Reverse Mortgage Providers have bounced back from challenging economic and regulatory conditions. While many providers resumed issuing new reverse mortgages, some have ceased new lending or have exited the industry over prudential or reputational concerns. Industry revenue was stunted in the years to 2021-22 due to government-backed competition and economic uncertainty for lenders throughout the COVID-19 pandemic. This trend has since reverted, with a revenue upswing of 4.6% annually over the five years through 2023-24 to $442.5 million. Revenue is expected to jump by 18.5% in the current year as demand races ahead with seniors looking to access their home equity to push through intense inflationary pressures. Currently, reverse mortgages are offered by non-bank providers.
Industry revenue has grown at a CAGR of 4.6 % over the past five years, to reach an estimated $442.5m in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Heartland Australia Holdings | 90.7 | |
Home Equity Access Scheme | 21.0 | |
P&N Bank | 20.7 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Lump-sum loans, Progressive drawdown and Lump sum and income stream and other. Lump-sum loans is the largest segment of the Reverse Mortgage Providers in Australia.
Reverse mortgages as a line of credit is easily the most popular product type
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.
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ANZSIC 6230 - Reverse Mortgage Providers in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
A rise in the cash rate has been the catalyst for growing industry revenue on multiple fronts. The subsequent rising cost pressures from interest rates and heightened rates s...
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Line of credit loans are the most popular product, given their financial flexibility. However, industry providers sometimes need to cater to specific customer circumstances a...
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The business setup distribution in Australia's Reverse Mortgage Providers industry corresponds closely to the country's population distribution. The industry's primary market...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The Australian public's knowledge of reverse mortgages is minimal, hindering providers. Advertising and marketing of interest rates is a way that firms can create an advantag...
Learn about the performance of the top companies in the industry.
Heartland Australia has stood above the pack as the premier provider of reverse mortgages. The non-bank lender has captured a strong market presence, setting itself apart thr...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Reverse mortgage interest rates echo trends in residential housing loan rates. Rapid growth in residential housing loan rates has propelled higher interest rates on reverse m...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit margins have been widened as reverse mortgage providers capitalise on demand. Despite costs creeping up, reverse mortgage providers have been able to pass higher price...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Reverse Mortgage Providers industry in Australia is $442.5m in 2024.
There are 11 businesses in the Reverse Mortgage Providers industry in Australia, which has grown at a CAGR of 1.9 % between 2018 and 2023.
The market size of the Reverse Mortgage Providers industry in Australia has been growing at a CAGR of 4.6 % between 2018 and 2023.
Over the next five years, the Reverse Mortgage Providers industry in Australia is expected to grow.
The biggest companies operating in the Reverse Mortgage Providers market in Australia are Heartland Australia Holdings, Home Equity Access Scheme and P&N Bank
Line of credit and Lump-sum loans are part of the Reverse Mortgage Providers industry.
The company holding the most market share in Australia is Heartland Australia Holdings.
The level of competition is high and increasing in the Reverse Mortgage Providers industry in Australia.