The past five years have been immensely challenging for the Building Societies industry, resulting in a period of sustained decline. Although the industry emerged from the financial crisis relatively unscathed compared with other lending institutions, the low interest rate environment and competition from national banks have negatively affected revenue. Industry revenue is expected to decline at an annualised 12.2% over the five years through 2015-16 to reach $1.0 billion. Changes to the cash rate are a key component of industry revenue, given the large proportion that is made up by interest income.
This industry comprises businesses that take deposits and provide loans for home building or purchasing purposes.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.