Tag Archives: mortage

Banning Exit Fees – market share

6 Jun

You can’t talk about competition in the $1.2 trillion Australian mortgage market without talking about the role of the non-bank lenders, as typified by Aussie and Wizard. When these companies entered the Australian market in the mid-1990s, the large banks dominated mortgage lending with more than 90 per cent market share, while the credit unions [...]

Banning Exit Fees – market share

6 Jun

exit fees banYou can’t talk about competition in the $1.2 trillion Australian mortgage market without talking about the role of the non-bank lenders, as typified by Aussie and Wizard. When these companies entered the Australian market in the mid-1990s, the large banks dominated mortgage lending with more than 90 per cent market share, while the credit unions [...]