Mortgage brokers are more popular than ever, settling 76.0% of all new home loans in the December 2024 quarter, according to data from research group Comparator.
That’s up from 71.8% a year earlier and 6.7% higher than December 2022.
Brokers also facilitated $115.06 billion in new home loans – a 22% increase on the December 2023 quarter.
Mortgage and Finance Association of Australia |(MFAA) chief executive Anja Pannek said the surge reflected borrowers seeking expert guidance amid economic uncertainty and high interest rates.
“Brokers also assist clients to understand their financial position and get ‘finance ready’, prepare for lending approval, and navigate government schemes to achieve the goal of buying their first home. The breadth of assistance brokers offer is significant and valuable.”
More choice, better outcomes – that’s why brokers continue to dominate the home loan market.
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