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Mortgage Brokers in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Mortgage Brokers Market Research Report | ANZSIC K6411b | Apr 2016

Competitive edge: Rising wage and marketing costs have dampened industry profitability

IBISWorld’s Mortgage Brokers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
4.9%
Annual Growth 16-21
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Profit
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Employment
16,883
Businesses
5,810
Industry Analysis & Industry Trends

Buying a home is often one of the most important financial decisions that an individual will make in their lifetime, and usually requires a substantial loan. Therefore, many borrowers consult experts that can help them navigate the complex range of loan products available. The Mortgage Brokers industry is relatively new, having only existed since the early 1990s. Mortgage brokers filled a void in the market and have come to be seen as providers of comprehensive, convenient and unbiased advice to clients. As they represent a panel of lenders, they can offer customers a range of products and tailor mortgages to specific needs... purchase to read more

Industry Report - Industry Locations Chapter

The number of brokers is most concentrated in areas where there is a high level of mortgage activity, which are regions with a high population and employment, such as New South Wales, Queensland and Victoria. Mortgage brokers are also located close to major lenders’ headquarters, such as Sydney, for ease of access to information and processing the mortgage applications. However with the advancement in technology, many mortgage brokers conduct their businesses via the internet.

According to ABS Housing Finance statistics, on average 29.7% of total new housing loan commitments for owner occupiers were located in the state of New South Wales, in January 2016... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Mortgage Brokers Industry?

Mortgage brokers in Australia generally act on behalf of lenders, primarily aiding borrowers in sourcing and applying for mortgage finance (for both residential and investment real estate purposes), and in refinancing existing mortgages. Brokers do not usually charge mortgagees any fee for their services. They receive origination and trailing commissions on originated funds directly from lenders.

Industry Products
Residential owner-occupier loansResidential owner-occupier refinancing loansResidential investment loansCommercial loansPersonal loans
 
Industry Activities
Housing loan brokerageAssisting borrowers to choose products provided by lendersAssisting borrowers in the loan application process


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