Brokers drive Mortgage growth.
Did you know?
Brokers provided over 60% of the growth in the mortgage market last financial year, new figures have revealed.
New research commissioned by the MFAA shows that brokers were responsible for 61% of the growth in the mortgage market for the 2013/14 financial year.
Of the $57bn increase in mortgage lending shown by ABS data, brokers accounted for $35bn.
“The 61% contribution to growth is testament to the tide of consumer attraction to the broker channel,” MFAA CEO Phil Naylor said.
While market share tapered slightly over the quarter, brokers still account for 49.7% of the market, the MFAA said.“The broker channel achieved a positive benchmark last quarter and it is good to see that this high level has been maintained throughout this period,” Naylor said.
The total business attributable to brokers for the 2013/14 financial year was $142bn, an increase of 32% on the previous year.
Why chose a broker?
Making a decision on the finance that is right for you can be time consuming and difficult; there are
- different products,
- different interest rates and the
- different lending policies.
All of these variations could mean the difference in you qualifying for the finance or not, then there is the financial impact of your decision
This is where Zobel is your answer.
Its our job to find the right loan product and structure to suit you and your lifestyle.
We will save you time and money by finding you the loan that is best for you, its what we specialise in.
Talk to your Zobel Broker today.