Penny for your thoughts: Low home loan rates are boosting demand for industry services

IBISWorld’s Mortgage Brokers market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


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. Since then, 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...

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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, 30.6% of total new housing loan commitments for owner occupiers were located in the state of New South Wales, in September 2016. Victoria and Queensland are second and third in terms of housing loan commitments, accounting for an estimated 26.9% and 20.5% r..

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Industry Products

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 loans
Residential owner-occupier refinancing loans
Residential investment loans
Commercial loans
Personal loans
Other products
Industry Activities
Brokering housing loans
Assisting borrowers to choose products provided by lenders
Assisting borrowers in the loan application process

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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