Today, I intend to talk about the past, present and future of the mortgage market in Australia. It is useful to recount some of the history of the mortgage market to put the current state of the market in to better context and provide a basis for thinking about how the market might evolve in the period ahead.
History In the 1960s and early 1970s, the Australian financial system was heavily regulated. 1 There was a number of wide-ranging controls including:   The interest rates that banks could charge on their loans and pay on their deposits were controlled.   Banks were subject to reserve ratios and liquidity ratios.