Broker Daily

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Broker market share hits new height

6 days ago | brokerdaily.au | Jack Campbell

The Mortgage and Finance Association of Australia (MFAA) has released its broker market share data for the March quarter, with the latest release highlighting a record high of 76.8 per cent market share for Australia mortgage brokers. This is a 0.8 per cent increase from the December 2024 results, where it stood at 76 per cent. The latest figures show a 2.7 per cent increase year-on-year, with March 2024 reporting 74.1 per cent market share.
Business loan growth outpacing mortgages

6 days ago | brokerdaily.au | Jack Campbell

Overall, business lending, loans to owner-occupiers, and loans to investors grew from 3.61 trillion to 3.64 trillion between March and April. APRA’s Monthly Authorised Deposit-taking Institution (ADI) Statistics showed that for most of the big four banks, growth in loans to non-financial businesses was stronger than to households.
Nearly record-high optimism a good sign for SMEs

6 days ago | brokerdaily.au | Jack Campbell

As detailed in ScotPac’s SME Growth Index Report, 59 per cent of Aussie SMEs expect to see revenue growth over the next six months. This is close to the record-high forecast of 62.6 per cent in 2014. However, there is still a large portion of business owners who are pessimistic about the future of revenue growth, with a third expecting revenue to fall.
AFR suggestion lenders would pass along commission savings a ‘fantasy’

1 week ago | brokerdaily.au | Jack Campbell

The latest broker hit piece from the Financial Review saidthat if banks cut out the broker, the cost savings could be passed along to the consumer. Article author Anthony Macdonald said that for a $1 million mortgage, brokers are paid a $6,500 commission. “What if banks cut out the broker and shared savings with the borrower?” Macdonald said.
Borrowers access over 20% more borrowing power from HECS debt servicing changes

1 week ago | brokerdaily.au | Jack Campbell

A recent breakdown of Commonwealth Bank of Australia’s (CBA) HECS-HELP debt serviceability changes has detailed its value for consumers. The changes, implemented from 9 April 2025, saw borrowers with HECS debt due to be repaid within the next five years get access to a 1 per cent serviceability buffer. Customers due to pay off debts within 12 months do not have HECS debt considered in loan applications.
Modest rate cuts to have ‘muted’ effect on arrears

1 week ago | brokerdaily.au | Jack Campbell

It’s going to take more rate cuts to have a tangible impact on arrears rates, said S&P Global Ratings in its RMBS Performance Watch: Australia report. February saw the first rate cut in over four years. Then, in May, the Reserve Bank implemented a second 25-bp cut for the year. While this is great news for borrowers, more substantial action is needed to have an impact on arrears, said S&P, with the May decision having a “muted” effect.
New home sales hit highest level in April

1 week ago | brokerdaily.au | Emilie Lauer

The latest Housing Industry Association (HIA) New Home Sales Report analysed the largest volume home builders across the five major states and found that new home sales increased by 16.5 per cent in April, the highest level over the last 12 months. HIA economist, Maurice Tapang, said the increase was due to the February rate cut, when the Reserve Bank of Australia slashed mortgage rates by 0.25 per cent for the first time in four years.
Business Accelerator: Leverage AI and tech to scale and grow your brokerage

1 week ago | brokerdaily.au | Robyn Tongol

Business Accelerator: Leverage AI and tech to scale and grow your brokerage Historically, brokers scaled by hiring more staff, but AI and automation now allow smaller teams to handle higher volumes efficiently. This was the topic of discussion in the latest episode of Business Accelerator. Here, hosts Alex Whitlock and Jason Back unpack how to effectively leverage AI and tech to scale and grow a brokerage. However, tech efficiency must be balanced with human connection.
Mutuals the most trusted banking sector

1 week ago | brokerdaily.au | Jack Campbell

As detailed in Roy Morgan Bank’s Trust and Distrust Scores Report, mutuals are the most trusted banking sector for Aussie consumers. As voted by 25,000 respondents, the net trust score for mutuals has improved since the last report in 2023.
Small business loans surge following RBA cuts

1 week ago | brokerdaily.au | Jack Campbell

February of this year saw the RBA cut interest rates for the first time in over four years. Following the announcement, small businesses boosted borrowing activity, taking advantage of reduced rates. As reported by small business lender OnDeck Australia, the three months after the RBA’s action saw loan activity up 40 per cent from the same period in 2024. This growth was witnessed across all industries.