Pepper Money’s quarter-life bloom | Australian Broker News

“We are a beneficiary of the total addressable market growing,” Rehayem said. “What’s happening in Australia now is very opportunistic, in the context of, you’ve got consumer confidence on the rise. You’ve got household savings on the rise, which is, part and parcel with consumer confidence. You got rates coming down. So all of a sudden that triggers that customers or borrowers will have a higher borrowing capacity. They are now able to borrow more, to lend more, in the context of maybe doing a construction loan, or a refinance, or to consolidate debt. And then, when it comes to auto financing, the big step up for them is, as rates start to come down, they are able then to trade in their vehicle and upgrade their vehicle at the same practically repayment of what they’re paying today, because they would have got their loans, car loans, at the peak of the market, which is at the height of the rate market. So it does stimulate the market.