Brokers wrote a record share of total mortgages in the June quarter, MFAA figures show.
A record high 77.6 per cent of all new home loans were written by mortgage brokers in the three months to June 2025, according to new Mortgage and Finance Association of Australia (MFAA) data.
The latest quarterly record is a 0.8 percentage point increase in mortgage broker market share from 76.8 per cent in the March 2025 quarter.
The data, commissioned by the MFAA and collected by Cotality from aggregators and broker groups, shows a 3.9 percentage point year-on-year increase in mortgages written by brokers and a 10.4 percentage point jump compared to the June 2023 total of 67.2 per cent.
New home loans facilitated by mortgage brokers in the June 2025 quarter reached $121.58 billion – the highest value for any June quarter on record.
The value is a $21.48 billion, or 21.46 per cent, surge from the $100.11 billion settled in the June 2024 quarter and a 31.3 per cent increase on the June 2023 quarter.
“This result continues to reflect Australians’ clear choice to work with their mortgage broker, as they navigate their home financing journey,” MFAA CEO Anja Pannek commented.
“Our members have reported increased inquiries and activity levels across all segments of the market.
“We’ve also seen exceptionally strong consumer engagement with our recent campaign promoting the value of mortgage brokers. The campaign reached an estimated 3.9 million people, with more than 324,000 consumers actively searching for an MFAA Accredited Broker via our Find a Broker website.
“As such, we expected an uplift in aggregate mortgage broker-facilitated lending in the June quarter. The results are clear – more consumers than ever are benefiting from the choice and competition brokers deliver and that is a good thing.”
[Related: Mortgage brokers writing record 76.8% of home loans]
