Brokers continue to hold strong market share
Mortgage brokers in Australia continue to hold a significant share of the home loan market, according to the most recent study of the top 16 aggregators in the country.
Research firm comparator business benchmarking found that the broking channel now makes up around 45 per cent of the entire $24.1 billion home loan market, as at the March quarter.
According to the Mortgage and Finance Association of Australia (MFAA), brokers are on track to surpass the $100 billion mark of home loans written during the 2013 calendar year.
“Mortgage brokers continue to lift their presence as a highly effective distribution channel for both large and small lenders, well supported by borrowers,” MFAA chief executive Phil Naylor said.
When compared to countries such as Canada (27 per cent), the US (less than 40 per cent) and New Zealand (25 per cent), the MFAA said brokers in Australia continue to build momentum as a vital distribution channel.
Recommended for you
While crypto continues to gain traction among investors globally, improving accessibility for financial advisers is key to helping them serve the demand from younger clients, but there are some barriers still hindering adoption.
Investment platform Praemium has reported strong 2024–25 financial year results, with large increases across a range of business metrics, which it credits to the firm’s strategy and high-net-worth focus.
Alternative investment manager Regal Partners has set a target of doubling its offshore funds under management within three years amid strong inflows from offshore investors in the first half of 2025.
Fitzpatricks Advice Partners has formed a strategic alliance with two chapters of a global business support and networking organisation, expanding its offering for the firm’s advisers.
