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