Mortgage brokers have set another record.
Brokers facilitated 69.3% of all new home loans between October and December 2022, according to new data from Comparator.
That is a record market share for the December quarter. It’s also a significant increase on the 2021 and 2020 results, as the image shows.
The main reason more and more Australians are using brokers is choice.
When you go direct-to-lender, you hear about only that lender’s home loan options. But when you go to a broker, the broker can compare options from dozens of lenders.