Broker share continues to rise in Australia.
For the June quarter, broker share for all new residential home loans was 77.6%, up from 76.8% in the March quarter. That's an increase of 0.8 percentage point increase – or up 10.4 percentage point increase since June 2023. By value, brokers wrote nearly $122 billion worth of new home loans during the quarter, up from just over $100 billion in June 2024, or a 21.46% increase, year-over-year.
“This result continues to reflect Australians’ clear choice to work with their mortgage broker, as they navigate their home financing journey,” said MFAA chief executive officer Anja Pannek. “Our members have reported increased inquiries and activity levels across all segments of the market."
Pannek added that she anticipates the numbers will continue to rise in the current quarter.
"The results are clear: more consumers than ever are benefitting from the choice and competition brokers deliver and that is a good thing," she said.
The growing reliance on mortgage brokers coincides with mounting momentum in Australia’s loan and property markets. In 2025 alone, the Reserve Bank of Australia (RBA) slashed interest rates three times, boosting borrowing power of existing homeowners and first-time buyers alike.
However, lower interest rates have also intensified competition, pushing property prices higher. At the same time, a persistent housing shortage is making it increasingly difficult to even secure a home. Add to that an increasing number of borrowers who fall outside traditional lending criteria, and it’s clear that mortgage brokers are playing a more crucial role than ever in helping Australians access the finances they need.
Cotality gathered the data from aggregators and broker groups. The group has been collecting data since 2013.
