Result a 'power endorsement' of broker channel
Mortgage brokers settled a record 76.8% of all new residential home loans during the March 2025 quarter, according to the latest data from Cotality’s Comparator, commissioned by the Mortgage and Finance Association of Australia (MFAA).
The figure represents a steady rise from 76% in the December 2024 quarter and a significant increase from 74.1% in March 2024.
In dollar terms, brokers settled $99.37 billion in new residential home loans – a near 22% year-on-year increase and the highest value recorded for a March quarter.
MFAA chief executive Anja Pannek (pictured) described the result as a “powerful endorsement” of the broker channel.
“Since the RBA’s interest rate cut in February our members have been reporting increased levels of inquiries and activity across all borrower types – whether it is clients looking to refinance, invest in property or buying their first home,” Pannek said.
“Mortgage brokers are key to ensuring a competitive mortgage market, where consumers have access to choice and consumer protections, including the unrivalled mortgage broker best interests duty (BID).
“These results clearly demonstrate that the broker proposition is highly and increasingly valued by Australian borrowers.”
The milestone comes as the MFAA launches its national consumer campaign, encouraging Australians to engage with MFAA-accredited brokers.
“By highlighting the professionalism of our members, we believe the campaign will drive even further engagement between borrowers and MFAA brokers,” Pannek said.
