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.

    Fast & Free Assessments

    I want to enquire about :

      Fast & Free Assessments

      I want to enquire about :

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

      Do I Qualify For A $15,000 First Home Buyers Grant In QLD?

      Do I Qualify For A $15,000 First Home Buyers Grant In QLD? The First Home Owners Grant (FHOG) is a State Government initiative, which assists First Home Buyers into purchasing their first home. If you’ve never owned a property, and you’re either ‘building’ or ‘buying a brand-new home’ in Queensland then you are most likely

      Is It Better To Rent Or To Buy?

      Is It Better To Rent Or To Buy? Culture, economics, the property market and a ton of other factors are influencing factors to this question. Typically, when Australian’s speak about the Australian dream, they are referring to owning their own home.  Some are of the views, that it is better to pay off your own

      Truth or Myth “Self-Employed Individuals Will Pay a Higher Interest Rate?”

      Truth or Myth "Self-Employed Individuals Will Pay a Higher Interest Rate?" Truth or Myth “Self-Employed individuals will pay a higher interest rate?” From our experience, we have found this to be a myth.  If you can demonstrate a consistent income over a 1 to 2-year period, you are more likely to be assessed equally to

      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: