Aussie brokers achieve record industry growth
The Australian mortgage broking sector is gearing up for a blockbuster 2019, eager to follow on from the good work that saw the industry achieve its highest ever residential home loan market share.
During the September 2018 quarter, mortgage brokers settled an unprecedented 59.1 per cent of all residential home loans, the latest data released from research group comparator revealed.
The strong result indicates a sector in the midst of a high growth period, buoyed by an increasingly complex lending market which calls for consumers to seek quality, expert home loan advice.
It follows a consistent pattern of year-on-year sector growth that has seen mortgage brokers improve their market share, up from 55.7 per cent in 2017 and 53.6 per cent in 2016.
Mike Felton, CEO of the Mortgage and Finance Association of Australia said mortgage brokers had emerged as an integral component of the contemporary lending environment.
“This result has occurred during a period of severe credit tightening with brokers stepping in to provide critical assistance in the redistribution of credit demand for those seeking home lending,” Felton said in a statement posted to the MFAA wesbite.
“As banks have persisted in making it more difficult to secure a loan, turning many would-be borrowers away, consumers have continued to increasingly utilise the broker channel for experience, expertise and greater market choice to secure access to credit.”
While it may come as a shock to traditional banking channels, comparator’s data confirms suspicions Aussie Home Loans’ mortgage brokers have held for quite some time.
In 2018, Deloitte Access Economics released its Value of Mortgage Broking report, revealing a $2.9bn contribution from the mortgage broking industry to the gross value of the Australian economy in 2016-17.
The value of the mortgage broking sector has never been more widely recognised than now, thanks in part to a customer-centric approach and also to the strength of industry leading operations such as Aussie.
Named by The Adviser as the 2019 Top Brokerage for the seventh consecutive year, the country’s most famous and largest retail mortgage broking franchise, continues to go from strength to strength.
Aussie franchisees are provided with a world-class support system, from training and development to sales, marketing, credit and business advice, making sure all partners get off on the right foot and have speed to success.
It’s Aussie’s dedication to selecting the right brokers that has allowed the brand to develop a network of franchisees and mobile brokers who are prepared to address the growing sector’s opportunities.
After 27 years of experience in the industry, Australia’s largest branded brokerage is on the hunt for new franchisees looking to start, or grow a small business with the backing of an industry leading brand. If you are ready to make a name for yourself with Aussie’s, visit aussie.com.au/business-opportunities