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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 | Aug 2016

Expert opinion: Demand for unbiased mortgage advice aids industry revenue growth

The Mortgage Brokers market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
6.8%
Annual Growth 17-22
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Profit
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Employment
17,761
Businesses
5,850
Industry Analysis & Industry Trends

Buying a home is often one of the most important financial decisions an individual will make in their lifetime, and it usually requires a substantial loan. Therefore, many borrowers consult experts to 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 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 Products Chapter

While loan products are fairly homogeneous and the range has not changed greatly over the past five years, some brokers have expanded into personal loans for other big-ticket items, such as cars, weddings and holidays. Other brokers have become refinancing specialists. Mortgage refinance brokers have benefited from the removal of mortgage exit fees and plummeting interest rates, which have encouraged many owner-occupiers and investors with existing mortgages to consider switching to a more appropriate mortgage.

Over the past five years, owner-occupier loans are expected to have declined as a share of broker income, while demand for investment loan products has grown rapidly... 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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