Mortgage brokers originated 71.8% of all new home loans in the December 2023 quarter, according to research by Comparator that was commissioned by the MFAA.
That is a new record – the previous peak was 71.7% in September 2022.
While the figures bounce around from quarter to quarter, the long-term trend is clear: home loan customers are increasingly choosing brokers over banks.
MFAA CEO Anja Pannek said brokers’ record market share reflected both their strong performance and the trust they had earned from consumers.
“Mortgage brokers play a pivotal role in the home loan market, providing their clients with a broad spectrum of choices and expert guidance. It’s very clear from the continued growth in market share that Australians value this support when making important financial decisions around buying a home or investing in property,” she said.
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