Borrowers continue to gravitate towards brokers

 

Borrowers are voting with their feet. Mortgage broker market share figures continued their steady rise in the March quarter 2019, as brokers settled a record 59.7 per cent of all residential home loans.*

As you can see from the graph below, the overall upwards trend is clear, with market share increasing every year when compared to the same quarter in previous years. The latest quarter showed an increase in market share of 8 per cent compared to this time last year, and an 11 per cent jump compared to the March quarter 2017.

 

 

These figures show a strong vote of confidence in the service provided by mortgage brokers in Australia, particularly in light of the Royal Commission, the tighter lending requirements, a declining property market in many regions, and the federal election when investors faced potential major property tax changes.

In fact, it is often during more uncertain times that borrowers turn to brokers, to access expert guidance and greater choice in their lending solutions.

Feel free to connect with me anytime to discuss your lending requirements – you’ll be in good company 🙂

Source: *mfaa.com.au/news

 

Cairns Mortgage Broker – Jason Thomson is a Mortgage Adviser and Finance Broker based in Cairns with clients all around Australia. Client reviews featured on his website prove that Jason is a trusted industry professional, facilitating great outcomes for his clients. Using his wealth of experience in financial services, he thrives on delivering superior service. Jason is very approachable and is always looking for new clients to help in the often confusing world of finance and property. Offering a no fee service, you’ve got nothing to lose by having an obligation free chat with Jason today.

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