The Finance sector's operating environment was previously characterised by record-low interest rates. Nonetheless, high inflation prompted the Reserve Bank of Australia (RBA) to hike the cash rate from May 2022 onwards. This shift allowed financial institutions to impose higher loan charges, propelling their revenue. Banks raised interest rates quicker than funding costs in the first half of 2022-23, boosting net interest margins. However, sophisticated competition and digital disruption have reshaped the sector and nibbled at the Big Four's dominance, weighing on ADIs' performance. In the first half of 2025, the fierce competition has forced ADIs to trim lending rates even ahead of RBA moves to protect their slice of the mortgage market. Higher cash rates initially widened net interest margins, but the expiry of cheap TFF funding and a fierce mortgage war are now compressing spreads, weighing on ADIs' profitability. Although ANZ's 2024 Suncorp Bank takeover highlights some consolidation, the real contest is unfolding in tech. Larger financial institutions are combatting intensified competition from neobanks and fintechs by upscaling their technology investments, strengthening their strategic partnerships with cloud providers and technology consulting firms and augmenting their digital offerings. Notable examples include the launch of ANZ Plus by ANZ and Commonwealth Bank's Unloan. Meanwhile, investor demand for rental properties, elevated residential housing prices and sizable state-infrastructure pipelines have continued to underpin loan growth, offsetting the drag from weaker mortgage affordability and volatile business sentiment. Overall, subdivision revenue is expected to rise at an annualised 8.3% over the five years through 2024-25, to $524.6 billion. This growth trajectory includes an estimated 4.8% decline in 2024-25 driven by rate cuts in 2025, which will weigh on income from interest-bearing assets. The Big Four banks will double down on technology investments and partnerships to counter threats from fintech startups and neobanks. As cybersecurity risks and APRA regulations evolve, financial institutions will gear up to strengthen their focus on shielding sensitive customer data and preserving trust, lifting compliance and operational costs. In the face of fierce competition, evolving regulations and shifting customer preferences, consolidation through M&As is poised to be a viable trend for survival and growth, especially among smaller financial institutions like credit unions. While rate cuts will challenge profitability within the sector, expansionary economic policies are poised to stimulate business and mortgage lending activity, presenting opportunities for strategic growth in a dynamic market. These trends are why Finance subdivision revenue is forecast to rise by an annualised 1.1% over the five years through the end of 2029-30, to $554.9 billion

The Australia financial services market reached USD 12581.00 Billion in 2024. The market is expected to grow at a CAGR of 6.03% between 2025 and 2034, reaching USD 22594.50 Billion by 2034.

Market Size statistics on the Finance industry in Australia

Australia trade finance market attained a value of USD 1013.00 Million in 2024. The market is estimated to grow at a CAGR of 3.80% during 2025-2034 to reach a value of USD 1470.90 Million by 2034. Australia trade finance market is driven by the expansion in export-import activities, free trade agreements with leading countries, and the growth in crucial industries such as mining and manufacturing.

Market Size for Australia Auto Finance Industry Size on the Basis of Loan Disbursement in USD Billion, 2018-2024 In 2023,approximately 85% of new vehicle purchases were financed through loans or leasing, reflecting the strong role of financial services in Australia’s automotive sector. The preference for structured financing options continues to rise due to affordability concerns and flexible payment structures.Sydney and Melbourneare key markets due to their high vehicle demand and extensive automotive infrastructure. TheAustralian auto finance market reached a valuation ofAUD 130 Billion in 2023, driven by increasing demand for vehicle ownership, favorable interest rates, and a growing inclination towards electric vehicles. The market is characterized by major financial institutions such asCommonwealth Bank, Westpac, ANZ, NAB, Macquarie Bank, and auto-financing firms likeToyota Finance, BMW Financial Services, and Volkswagen Financial Services. These entities dominate the auto financing landscape, offering diverse financing options for new and used vehicles.

In 2020, the alternative finance market in Australia amounted to **** billion U.S. dollars, almost double that of the value in 2016. Australia has emerged as a leader in the alternative finance market in the Asia-Pacific region.

The average for 2021 based on 4 countries was 0.361 index points. The highest value was in Australia: 0.869 index points and the lowest value was in Fiji: 0.002 index points. The indicator is available from 1980 to 2021. Below is a chart for all countries where data are available.

Australia Assets: Stock: Money Market Financial Investment Funds: One Name Paper Issued data was reported at 15,479.000 AUD mn in Dec 2024. This records a decrease from the previous number of 17,542.000 AUD mn for Sep 2024. Australia Assets: Stock: Money Market Financial Investment Funds: One Name Paper Issued data is updated quarterly, averaging 19,612.000 AUD mn from Jun 1988 (Median) to Dec 2024, with 147 observations. The data reached an all-time high of 42,735.000 AUD mn in Sep 2008 and a record low of 473.000 AUD mn in Jun 1988. Australia Assets: Stock: Money Market Financial Investment Funds: One Name Paper Issued data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.AB028: SNA08: SESCA08: Funds by Sector: Financial Corporations: Money Market Financial Investment Funds: Stock.

Graph and download economic data for Financial Market: Share Prices for Australia (SPASTT01AUM661N) from Jan 1958 to Aug 2025 about Australia and stock market.

Some of the recent competitor trends and key information about competitors include: The Australian auto finance market is relatively concentrated, with major financial institutions and specialized lenders playing a dominant role. However, the emergence of fintech companies and digital lending platforms has diversified the competitive landscape, offering consumers more choices and innovative financing solutions. These institutions cater to a broad spectrum of customers, from high-income individuals seeking luxury vehicle financing to budget-conscious buyers opting for structured instalment plans. Competitive Landscape in Australia Auto Finance Market

The Australian Fintech market, valued at $4.11 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 10.32% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing adoption of smartphones and internet penetration across Australia has created a fertile ground for digital financial services. Furthermore, a young and tech-savvy population readily embraces innovative payment solutions, investment platforms, and lending options offered by Fintech companies. Government initiatives promoting digitalization and financial inclusion are also contributing to market growth. Strong competition among established players like Afterpay Touch, Judo Bank, and Wise, alongside the emergence of numerous startups, fosters innovation and drives down costs for consumers. However, regulatory hurdles, data security concerns, and the need for robust cybersecurity measures pose challenges to the market's continued expansion. The market is segmented into various service propositions, including money transfer and payments (the largest segment, likely driven by Afterpay and similar services), savings and investments (growing due to increased accessibility through apps), digital lending and lending marketplaces (facilitated by companies like Athena Mortgage), online insurance and insurance marketplaces, and other niche services. The competitive landscape is dynamic, with both established financial institutions and disruptive Fintech firms vying for market share. Future growth will likely be driven by further integration of open banking technologies, personalized financial management tools, and advancements in artificial intelligence and machine learning within financial services. The projected market size for 2033 can be estimated based on the provided CAGR. Using a compound interest calculation, the market is expected to exceed $11 billion by 2033. This signifies a significant opportunity for both established players and new entrants. However, sustained growth necessitates a focus on addressing regulatory challenges, enhancing cybersecurity infrastructure, and maintaining consumer trust. The continued adoption of innovative technologies and the expansion of financial literacy programs will further contribute to shaping the future of the Australian Fintech landscape. This comprehensive report provides an in-depth analysis of the burgeoning Australia Fintech market, covering the period 2019-2033. With a base year of 2025 and an estimated year of 2025, this report offers invaluable insights into market trends, growth drivers, challenges, and key players shaping the future of financial technology in Australia. The report utilizes data from the historical period (2019-2024) and forecasts market performance until 2033, presenting a robust understanding of this dynamic sector valued in the billions. Key Search Terms: Australia Fintech Market, Australian Fintech, Fintech Australia, Digital Lending Australia, Online Payments Australia, Fintech Investment Australia, Australian Fintech Regulations, Fintech Market Size Australia, Fintech Trends Australia Recent developments include: March 2023: Financial platform Airwallex secured a payment business license in China, following the successful acquisition of a 100% stake in Guangzhou Shang Wu Tong Network Technology Co., Ltd., an information and online payment services company., February 2023: Fintech Zeller took on the big four banks to offer financial services to the small business sector, launching a new transaction account, debit card, and app.. Notable trends are: Digital ID Framework Witnessing Growth in Australia Fintech Market.

Australia: Financial markets development: The latest value from 2021 is 0.869 index points, a decline from 0.889 index points in 2020. In comparison, the world average is 0.239 index points, based on data from 158 countries. Historically, the average for Australia from 1980 to 2021 is 0.606 index points. The minimum value, 0.111 index points, was reached in 1980 while the maximum of 0.922 index points was recorded in 2007.

Australia Auto Finance Market Segmentation What are the Regulations and Initiatives Which Have Governed the Market? Which Industry Challenges Have Impacted the Growth of the Australia Auto Finance Market?

Future Outlook and Projections for Australia Car Finance Market Size on the Basis of Loan Disbursements in USD Billion, 2024-2029 The Australian auto finance market is expected to experience steady growth by 2029, exhibiting a robustCompound Annual Growth Rate (CAGR)during the forecast period. This growth will be driven by favorable economic conditions, advancements in digital lending technologies, and increased adoption of electric vehicles (EVs). What Lies Ahead for Australia Auto Finance Market?

The revenue in the 'Digital Investment' segment of the wealth management market in Australia and Oceania was modeled to stand at ************** U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by ************** U.S. dollars since 2017. Between 2024 and 2029, the revenue will rise by ************* U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Digital Investment.

The Australian used car financing market is segmented by Car type (Hatchback, Sedan, Sports Utility Vehicle, Multi-Purpose Vehicle) and by Financer (OEMs, Banks and NBFCs). The Report Offers the Market Size and Forecast of the Australia used car financing market in value (USD million) for the above-mentioned segments.

Update July 2024

From 1 July 2024, the dataset will no longer publicly distinguish between relevant qualifications or training courses or approved qualifications or training courses.

Update March 2024

From 1 March 2024, the dataset will be updated to include 5 new fields and 1 existing field will also be updated (see help file for details).

Update August 2023

From 24 August 2023, the dataset will be updated to include 1 new field, ABLE_TO_PROVIDE_TFAS, (see help file for details).

Update April 2022

We have replaced the .xlsx file resources for all our datasets. This was required due to the API and web page search functionality no longer being supported for .xlsx files on the Data.Gov platform.

Update January 2022

From 10 January 2022, the field ADV_FASEA _APPROVED_QUAL will be renamed to ADV_APPROVED_QUAL.

Update November 2019 - additional fields

From 21 November 2019, the dataset will be updated to include 7 new fields (see help file for details)

These fields are included in conjunction with the professional standards reforms for financial advisers. More information can be found on the ASIC website https://asic.gov.au/regulatory-resources/financial-services/professional-standards-for-financial-advisers-reforms/.

Note: For most advisers the new fields will be unpopulated on 21 November 2019. As advisers provide this data to ASIC it will appear in the dataset.

Dataset summary

ASIC is Australia’s corporate, markets and financial services regulator. ASIC contributes to Australia’s economic reputation and wellbeing by ensuring that Australia’s financial markets are fair and transparent, supported by confident and informed investors and consumers.

Australian Financial Services Licensees are required to keep the details of their financial advisers up to date on ASIC's Financial Advisers Register. Information contained in the register is made available to the public to search via ASIC's Moneysmart website.

Select data from the Financial Advisers Register will be uploaded each week to www.data.gov.au. The data made available will be a snapshot of the register at a point in time. Legislation prescribes the type of information ASIC is allowed to disclose to the public.

The information included in the downloadable dataset is:

• Adviser name
• Adviser number
• Adviser role
• Adviser sub type
• Adviser role status
• Adviser ABN
• Year first provided advice
• Licence name
• Licence number
• Licence ABN
• Licence controlled by
• Adviser start date
• Adviser end date
• Overall registration status
• Registration status under financial licence
• Registration start date under financial licence
• Registration end date under financial licence
• Adviser CPD failure year
• Adviser principal business address suburb
• Adviser principal business address State/Territory
• Adviser principal business address postcode
• Adviser principal business address Country
• Appointing representative name
• Appointing representative number
• Appointing representative ABN
• Disciplinary action start date
• Disciplinary action end date
• Disciplinary action type
• Disciplinary action description (Financial Services and Credit Panel (FSCP) decision)
• Product authorisations (for a full list see the Financial Adviser Register – Help File)
• Ability to provide tax financial advice
• Qualifications and Training
• Memberships
• Further restrictions

Additional information about financial advisers can be found via ASIC's website. Accessing some information may attract a fee.

More information about searching ASIC's registers.

Graph and download economic data for Financial Market: Share Prices for Australia (SPASTT01AUQ661N) from Q1 1958 to Q2 2025 about Australia and stock market.

The Australia Automotive Financing Market Report is Segmented by Vehicle Condition (New Vehicles and Used Vehicles), Financing Source (Banks, OEM Captive Finance, and More), Financing Product (Secured Auto Loans, Unsecured Personal Loans, and More), Vehicle Type (Passenger Cars, and More), Propulsion Type, Borrower Type, Channel, and State/Territory. The Market Forecasts are Provided in Terms of Value (USD).

Australia Market Capitalization: Listed Domestic Companies: % of GDP data was reported at 99.309 % in 2022. This records a decrease from the previous number of 121.241 % for 2021. Australia Market Capitalization: Listed Domestic Companies: % of GDP data is updated yearly, averaging 86.140 % from Dec 1979 (Median) to 2022, with 44 observations. The data reached an all-time high of 151.848 % in 2007 and a record low of 21.400 % in 1982. Australia Market Capitalization: Listed Domestic Companies: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Financial Sector. Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values.;World Federation of Exchanges database.;Weighted average;Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.