Despite the impending threat of legislation, brokers remain relatively upbeat about their business prospects.
According to The Adviser’s latest quarterly sentiment survey, 42.1 per cent of brokers expect their business to grow over the coming quarter – a 21.3 per cent increase on last quarter.
Mortgage Choice chief executive Michael Russell says these results were unsurprising.
According to Mr Russell, the economy is doing better than expected, which is helping to buoy broker confidence.
“Lenders have increased their LVRs, and the latest ABS home loan statistics suggest potential homebuyers have not been put off by the raising rate environment,” Mr Russell told The Adviser.
“We ran a similar survey asking our franchisees whether or not times were good and an overwhelming percentage indicated that they are very confident about business in the quarter ahead.”
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