The Mortgage and Finance Association of Australia (MFAA) is growing.
On the heels of the mortgage broking association's annual conference, the MFAA reveals that it has hit 16,000 members.
"Surpassing 16,000 members is a fantastic result for the association and the MFAA team," MFAA chief executive officer Anja Pannek told Australian Broker. “As the industry continues to grow to meet the demands of consumers and business owners, it’s pleasing to see the immense trust brokers are placing in the MFAA, to be their voice and represent their views when talking to government, regulators and other key stakeholders."
The organization said membership has grown by 9% in the past two years, with mortgage and finance brokers now making up over 97% of the MFAA community.
“We consider it an honour and a privilege to champion the value, choice and competition our members create for Australians," Pannek said. "We have continued to deliver positive outcomes for our members over the last 12 months, through advocacy, promotion and professional development.”
The updated stats come as Australians increasingly rely on mortgage brokers for financial guidance. Mortgage brokers settled approximately 76.8% of all new residential home loans during the March 2025 quarter, according to the MFAA.
At the same time, Australians are feeling the squeeze from rising living costs, surging house prices and ongoing interest rate uncertainty. These challenges are creating significant stress for many borrowers, particularly those navigating the property market for the first time or managing existing mortgage commitments.
