Brokers Responsible For 51.5% Of Home Loans For 3rd Quarter

Brokers have solidified their presence in the mortgage market by becoming Australia’s majority writer for home loans for the first time in history.

A Mortgage & Finance Association of Australia research found that brokers accounted for 51.5% of home loans, up from the June and March quarter, finishing at 49.7% and 49.9% respectively. Brokers are making their presence felt in the mortgage market after being responsible for 67% of home loans from 19 aggregators for the 12 months to September 2014. Because of these contributions, brokers have accounted for $37.7 billion of the $56.2 billion increase in home loans, according to the Australian Bureau of Statistics.

Read more about this on the Adviser website.

The following two tabs change content below.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

Leave a Reply

Your email address will not be published. Required fields are marked *