Westminster National Finance Broker blog

Finance Broker market share climbs

  • Category: Personal Finance Articles and Resources

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.

STAY UPDATED