the adviser logo

Brokerage commits 20% of commissions to homelessness

by Ezekiel MacNevin6 minute read
Stephen O’Reilly-Nugent

A new online brokerage will donate a percentage of its commissions to help fight homelessness.

A newly launched online brokerage, Brokers for Change (B4C), revealed that it would donate a portion of all commissions paid by the banks for loan settlements to a homelessness charity.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

Founded by Loan Market broker Stephen O’Reilly-Nugent, B4C will donate 20 per cent of commissions to StreetSmart, a grassroots charity organisation that has been battling to eradicate homelessness in Australia since 2003.

Mr O’Reilly-Nugent said it is sensible to assist “Australians who have no home at all” by using a proportion of the profits generated from mortgage deals of individuals who have purchasing power in housing markets to invest in properties outright.


O’Reilly-Nugent said: “With an estimated 450,000 loans taken out in Australia every year, just a small donation from each would have the power to make a real difference. Added to that, the growing market share of brokers over banks means that B4C will be well placed to make a difference.”

According to the latest data released by research group Comparator, a CoreLogic business, mortgage brokers settled 59.1 per cent of all residential home loans in the September quarter 2018, up from 53.6 per cent in the same quarter of 2017 – the largest year-on-year increase for any quarter over the last four years.

Research conducted in the Borrower Experience Survey also revealed that 96 per cent of borrowers were either “satisfied” or “very satisfied” with their most recent mortgage broker experience, compared to 67 per cent satisfaction of borrowers who secured their mortgage directly through a lender.

Given the high demand for mortgage brokers and positive responses to their services – coinciding with the most recent Australian Bureau of Statistics census data revealing 116,427 homeless people were enumerated in 2016, up 5 per cent from the 102,439 enumerated in 2011 – Mr O’Reilly-Nugent suggested his business model can make a difference.

“Along with our charity partner, StreetSmart, I believe that everyone should have a safe and secure place to call home, and that ending homelessness will take a ‘whole of community’ approach,” Mr O’Reilly-Nugent said.  

“I’m pleased to have StreetSmart as our sole charity, given their multifaceted approach to the complex issue of homelessness in Australia.”

StreetSmart operates like a mother organisation by providing support to smaller-scale homeless charities nationwide through “unique community grants programs”. It has reportedly raised $4.12 million to date, which has funded 1,348 projects at 486 organisations. 

Adam Robinson, CEO of StreetSmart, said they “are proud to be recognised as a charity partner” and see it as “an important step towards ending homelessness.”

[Related: Broker donates trail to charity]

Brokerage commits 20% of commissions to homelessness
stephenoreillynugent ta
TheAdviser logo
stephenoreillynugent ta

Ezekiel MacNevin

Ezekiel MacNevin


Ezekiel is a journalist on the mortgages, property investment and wellness titles at Momentum Media. 

Before joining the team in 2019, he was a freelance journalist for Vice Australia, Pulse Radio and the Sydney-based travel publication Global Hobo, among others. 

Ezekiel studies a double Bachelor of Communications and International Studies at the University of Technology, Sydney.


You need to be a member to post comments. Register for free today


Boomer home loans

New non-bank lender enters administration

Specialist lender Boomer Home Loans, named in reference to its target age demographic (Baby Boomers; those born in...

royden dvaz assetline capital ta fh2e1i

New national head of sales recruited at Assetline Capital

Royden D'Vaz, formerly head of distribution with the non-bank mortgage lender MKM, has been recruited as Assetline...

john maxwell oscar zhuo ta sthnmq

Uptick Marketing launches

Uptick Marketing (Uptick) aims to work in partnership with brokers to assist the third-party channel in “closing...

Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more