The latest Mortgage and Finance Association of Australia figures shows that brokers wrote 71.8 per cent of all home loans in the December quarter last year – a record for the industry.
Broker share reached 71.7 per cent in the September quarter 2022 but then slipped back to 67.2 per cent in the June quarter last year.
The value of loans written by mortgage brokers in the December quarter was A$94.1 billion, an increase of 5 per cent year-on-year.
Growth in share over the years has attracted more brokers to the industry. The MFAA reported that broker numbers were 19,456 in the March last year – also a record.