Powered by MOMENTUM MEDIA
subscribe to our newsletter

Deloitte plays down LRBA growth

James Mitchell and Katarina Taurian
26 March 2015 — 1 minute read

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.

Advertisement
Advertisement

“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.

Deloitte plays down LRBA growth
smsf logo
smsfadviser logo
join the discussion

Latest poll

Do your clients plan to add additional members to their SMSF if the new six member limit is passed as law?

SUBSCRIBE TO THE
SMSF ADVISER BULLETIN

Get the latest news and opinions delivered to your inbox each morning

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.