Broker’s Ranking in Home Loans for Buyers

More than 60% of residential mortgages were written by brokers between July and September this year.

The latest data by Comparator (business of CoreLogic) and the Mortgage and Finance Association of Australia (MFAA) has shown that the mortgage broker channel has recorded its highest ever market share result with brokers settling 60.1% of all residential home loans during the last quarter. The latest result is 0.4% higher than the previous market share record of 59.7% set in March 2019.

As well as breaking market share record, the value of new settlements recorded in the September 2020 quarter is also the largest by dollar value ever observed. The report found that the top 18 leading brokers and aggregators settled $57.47 billion of new home loans. This represents an increase 24.82% in the value of new lending when compared year-on-year to the previous year.

These results mirror the general trends observed by the Australian Bureau of Statistics, which found that owner-occupier housing loan commitments hit record-high levels in the last quarter, driven by low interest rates and government incentives (such as First Home Loan Deposit Scheme and Home Builder).

MFAA CEO Mike Felton said the result demonstrates the critical role that brokers play in supporting their customers and the economy, and the impact they have made at a time when they were needed the most.

“This phenomenal market share result reflects the tireless support and assistance brokers  have provided their customers to help them navigate the challenges posed by the COVID-19 pandemic and the first recession Australia has experienced in 29 years,” Mr. Felton said.

“It is also evidence of the ever-increasing trust and confidence that consumers are placing in mortgage brokers as our industry faces the imminent introduction of a Best Interest Duty and related reforms. We are confident that these reforms will continue to differentiate our channel and that our industry can look forward to further increases in market share in the years ahead.

“While I am always proud of the hard work and professionalism of everyone in our industry, the way brokers have overcome their own challenges and vulnerabilities this year, maintained their focus on their customer’s needs, while achieving their highest market share  result to date, has been nothing short of inspirational,” Mr. Felton said.

So if you’re thinking about buying a home, let the brokers with good ol’ fashioned service help you on your journey! Fill out the form below, and we will be in touch with you as soon as possible.

    Talk with us today

    I want to enquire about :

      Talk with us today

      I want to enquire about :

      • All
      • Asset Loans
      • Car Loans
      • Commercial Loans
      • First Home Buyers Loan
      • Home Loans
      • Investment Loans

      Cooling Off Period

      Cooling Off Period The cooling off period of 5 business days in Queensland is the length of time after the buyer receives the dated contract signed by both parties and in which a buyer can change his mind and cancel the contract.  There is no cooling off period for a property purchased at an Auction.

      Budget 2018: $20,000 Asset Write-Off Scheme Extended Until 30th June 2019

      Budget 2018: $20,000 Asset Write-Off Scheme Extended Until 30th June 2019 A welcomed extension to the instant asset write-off scheme has been announced for the 2018-19 Federal Budget. Australian small businesses will be given extended access to the instant asset write-off for assets worth $20,000.00 or less. This move by the Australian government will extend

      Best Way To Save For A House

      Best Way To Save For A House Often the pace of life, prevents us from really understanding where our money goes each month.  The more we earn, the more we seem to spend and often rarely notice. Knowing where to start in cutting back your expenses, is the starting point to your journey that will

      Why Choose Brisbane Home Loans

      You're In Good Hands

      Brisbane Home Loans is all about good old fashioned personal service without exception.

      We Find The Right Deal For You

      We take the time to listen to your needs and then search the market for the best products that satisfies your needs at the lowest possible cost to you.

      Ongoing Comittment

      We continue to work for you after the deal is finished, ensuring that we asess any new offers that become available which may improve your current deal.

      One Stop Lending

      We give our clients access to Personal Loans, Home Loans, Investment Loans and Commercial Loans.  You always only deal with on person for all your lending services.

      How We Work With Our Clients

      We can meet clients in our office, in their home, their office or the local coffee shop. Our initial interview will helps us understand the clients needs in the short, medium and long term so that we can find the best possible lender for your loan.

      The world of financing continues to be more and more complicated. Our Lenders have experience in finding the right product to meet the specific needs of each of our clients.  During this phase, we identify two to three options that may be suitable.

      Our Lending Specialists will present to you a number of options available outlining  the differences, benefits and downfalls of each option presented. Our preferred option and reasons why, we consider this the best fit for you will be clearly explained.

      Our Lending Specialists work with our clients to have all documentsation signed, submitted to the lending institution and processed through to approval.

      We pride outselves on client service which is why our Lending Specialists establish a reasonable review timeframe where they touch base with our Clients to ensure everything is working as planned.  During this review, the client is made aware of any new financing options in the market.

      Brisbane Home Loans is not about one off loans. We truly care about our clients, which is why we stand by their side beyond the completion of the loan.

      What Does A Mortgage Broker Do

      Listen and Evaluate Your Needs
      Calculate How Much You Can Borrow
      Compare Options Available to You in The Market
      Provide You Expert Advice
      Do All The Leg Work
      Obtain Pre-Approval For You
      Create A Plan For You To Ensure Your Always Getting The Best Deal
      Most Importantly We Provide This at No Cost To You


      Request a call Back.

      Would you like to speak to one of our financial advisers over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.

        Immediate Response: