Finance Brokers such as us were responsible for over two thirds of the growth in the mortgage market in the year to June 2015.
The research, commissioned by the Mortgage & Finance Association of Australia, showed that brokers were responsible for 66.3% of new mortgage growth in the 2015 financial year. Out of the $46 billion total increase in mortgage lending recorded by the Australian Bureau of Statistics, brokers originated $30.5 billion.
Over the June 2015 quarter, brokers settled $47.2 billion of retail residential loans, which contributed to a 6% increase on the previous financial year.
The total broker market share for the 2015 financial year was 51.3%, up from 48.3% in the previous financial year.
Our industry continues to receive increased consumer support because of the value and service that we provide.