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Brokers? market share up

Staff Reporter 1 minute read

Despite tough market conditions brokers continue to grow their share of the home loan market, an industry report has revealed.

After dipping when the credit crisis hit, the broker share of the market has now returned to 38 per cent JPMorgan and Fujitsu Consulting said yesterday.

The report accredits the growth in market share with a broker shift towards the major banks, which have been less affected by the global shortage of funds.

The report also found that consumers looking to refinance were most likely to use a broker.

Published: 09-10-08

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