Mortgage broker market share reached a new milestone in the March 2025 quarter, with mortgage brokers settling 76.8% of all new residential home loans — the highest market share recorded to date according to the latest data from research group Cotality’s Comparator, commissioned by the MFAA.
Quarterly Market Share (QMS) is now in its 50th consecutive quarter of publication.
The March 2025 quarter result represents an 0.8 percentage point increase from the 76.0% market share in the December 2024 quarter. The 76.8% result is 2.7 percentage points higher than the March 2024 quarter (74.1%) and 7.2 percentage points higher than the March 2023 quarter (69.6%).
In total, mortgage brokers settled $99.37 billion in new residential home loans during the March 2025 quarter. This represents a 21.97% ($17.90 billion) increase from the $81.47 billion settled in the March 2024 quarter. It is also the highest value of new residential lending recorded for a March quarter.
MFAA CEO Anja Pannek said the record mortgage broker market share is a powerful endorsement of the role mortgage brokers play in helping Australians achieve their financial goals.
“Since the RBA’s interest rate cut in February our members have been reporting increased levels of inquiries and activity across all borrower types – whether it is clients looking to refinance, invest in property or buying their first home,” Ms Pannek said.
“Mortgage brokers are key to ensuring a competitive mortgage market, where consumers have access to choice and consumer protections, including the unrivalled mortgage broker best interests duty (BID).
“These results clearly demonstrate that the broker proposition is highly and increasingly valued by Australian borrowers.
“In our view, every borrower or prospective borrower should see a mortgage broker for the benefits that brokers provide – including personalised support and access to a wide range of lenders and products. “
“To that end, the MFAA is very proud to highlight the mortgage broker value proposition through our largest ever national consumer campaign. The campaign encourages all Australians to connect with an MFAA accredited broker, wherever they are in their property journey.”
The MFAA consumer campaign launched on Thursday 29th May and will run across multiple digital channels. Watch some of our videos aimed at first home buyers and investors to see how we’re promoting MFAA brokers.
“By highlighting the professionalism of our members, we believe the campaign will drive even further engagement between borrowers and MFAA brokers,” Ms Pannek said.
The March 2025 quarterly share report is based on data supplied by leading aggregators and broking groups, making up a majority of the mortgage broking sector.
Comparator has compiled quarterly mortgage broker statistics for the MFAA for 50 consecutive quarters, since 2013, by calculating the value of loans settled by the leading aggregators as a percentage of ABS Housing Finance commitments. The MFAA releases these statistics each quarter. This data can only be used publicly by referencing the MFAA as the owner of the data and its use in communications.
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