Mortgage broker usage at record-high, written home loans now at $121.58 billion

The Mortgage and Finance Association of Australia (MFAA)-commissioned report by Cotality released new data for the June 2025 quarter. According to MFAA’s 51st quarterly publication, broker-written housing loans have reached its highest market share of 77.6%, following a 0.8 percentage point increase since the March quarter.

Key stats you need to know

• Broker-facilitated home loans reached 77.6% in June quarter, highest since 2013.

• Share of home loans coursed through broker channel register a year-on-year increase of 10.4% since 2023, and 3.9% since 2024.

• New housing loans funded in the June quarter reached $121.58 billion, 21.46% higher than the same quarter last year.

Reporting a 77.6% share of broker-written home loans, June 2025 quarter’s figures crushed those of June 2023 and 2024, when respective broker-written home loans comprised 67.2% and 73.7% of total new loans funded in the quarter. According to MFAA CEO Anja Pannek, “This result continues to reflect Australians’ clear choice to work with their mortgage broker as they navigate their home financing journey.”

Australian preference for home financing through the broker channel continues to rise

• MFAA members report an increasing number of financing inquiries from all market segments.

• Find a Broker website records 324,000 consumers on the lookout for MFAA-accredited brokers.

• Broker-written mortgage swells to $121.58 in the June quarter, a 21.46% expansion since June 2024. 

Pannek further shared that MFAA members have reported an uptick in inquiries and activity levels across market segments, likely a result of MFAA’s efforts to raise awareness on the importance of expert advice to home buyers looking into getting the most out of their hard-earned money.

“We’ve also seen exceptionally strong consumer engagement with our recent campaign promoting the value of mortgage brokers. The campaign reached an estimated 3.9 million people, with more than 324,000 consumers actively searching for an MFAA Accredited Broker via our Find a Broker website.

“As such, we expected an uplift in aggregate mortgage broker-facilitated lending in the June quarter. The results are clear – more consumers than ever are benefitting from the choice and competition brokers deliver and that is a good thing.”

Mortgage brokers closed a total of $121.58 billion worth of home loans this June, an increase of $21.48 billion (21.46%) relative to June last year.

“The increasing share of broker-written home loans means more prospective homeowners have access to tools and personalised insights that help them make more informed decisions. The upward trajectory is setting new standards for trust and customer-centric advice in the lending market,” said Michael Johnson, Director at Agile Market Intelligence.