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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 - Starting a New Business Chapter

The Mortgage Brokers industry has low barriers to entry, which contributes to its highly competitive nature. The main barriers to entry include obtaining regulatory approval and gaining market share. The latter is usually achieved through affiliation with a larger broker group which already hold an existing licence. Sole proprietors generally grow their loan books by establishing a referral relationship with local businesses, such as financial planners and real estate agents. The rising degree of competition within the industry has led to higher barriers to entry over the past five years.

The rapid growth of the Mortgage Brokers industry has resulted in the implementation of minimum education requirements for people who choose to enter this profession... 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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