news

Investors increasingly look to brokers

By webmaster

Investors are increasingly looking towards brokers to help secure their loans, according to new research.

Data from the Australian Bureau of Statistics shows that, of all loans, mortgage brokers were responsible for 42 per cent of those written, compared to just 25 per cent 10 years ago.

The data saw mortgage brokers and aggregators being the source of $23.4 billion worth of lends during the March quarter, with an annual total nearing $100 billion.

Mortgage and Finance Association of Australia chief executive Phil Naylor said the information shows that brokers are popular among many different groups of buyers.

“Not only are they helping first home buyers enter the market, as well as investors, but they promote greater customer choice and competition in the market,” Mr Naylor said.

“Consumers are choosing brokers in the rapidly changing market, in which there is now a blinding array of mortgage products.”

“We expect that the mortgage broker share of the market should expand further this year,” he said, indicating that investors might see broader loan offerings.

The data was generated looking at 17 of the leading mortgage broking and aggregating groups across Australia, covering 95 per cent of the market.

Investors increasingly look to brokers
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%