Record of broker market share hits 60%

Mortgage brokers have accomplished their largest market share of housing loans in the past few months. Australia's Mortgage & Finance Association claims brokers during the March Quarter arranged 60 percent of mortgages in Australia, and 90 percent of mortgage broker clients are pleased with the service they receive.

It claims this constitutes a solid customer vote of self-assurance within the channel of the credit broker and for us of the 17,000 agents the future looks great. The Property Education Company's mortgage broker Louise Lucas claims there are hundreds of mortgage merchandise available on the lending market, with fresh interest rate deals increasing day by day. Consumers cannot wish to kee up with this constantly changing event with out the assist of a broker.

Lucas claims present interest rate reductions and upcoming modifications in APRA's assessment of borrowers will make broker services even more demanding. Every year, in line with Deloitte Access Economics, the credit broker sector adds almost 3 billion to the Australian Economy.

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