This thesis focuses on the development of the Australian building society sector since 1966. It posits that the sector's growth follows closely a logistic path and, therefore, Australian building societies lend themselves to evolutionary econometric modelling.
The sector entered a turbulent period in the mid-1980s, and suffered a relatively devastating collapse. Hence, it is pertinent, and of significant policy import, that research is undertaken into the possible causes, and consequences, of the decline of a once significant sector of the financial market.
In the light of the econometric results, some speculative remarks are made about the future of the sector which, in general, run contrary to the recent literature on Australian building societies.