Deloitte plays down LRBA growth
A new report from Deloitte has found SMSF investors will play a relatively small role in the growth of the mortgage industry over the next three years.
Speaking at a Sydney press conference for the launch of Deloitte’s Australian Mortgage Report 2015, Deloitte’s financial services partner James Hickey said while there is merit in lenders targeting SMSF investors, they will not represent a significant part of the overall system growth.
Mr Hickey noted that in this year’s report, the difference between SMSF investors and non-investors was clarified.
“We deliberately split up SMSF versus non-SMSF investors just to tease out and see whether these lenders and brokers see SMSFs as a large part of that growth coming through,” Mr Hickey said.
“It is largely non-SMSF investors that people felt was driving [mortgage settlements].”
Rather, the report found refinancers, followed by local, non-SMSF investors will be the top two categories of consumer driving the greatest growth over the next three years, followed by first home buyers and overseas investors.
