"We typically see a good relative result for broker market share in the March quarter, and this quarter is particularly important as it follows a period of increased prudential focus on interest only loans and ongoing attention on investor lending, both of which have had an impact on the broker channel," stated MFAA CEO Mike Felton.
"This market share figure reflects the strong consumer outcomes that brokers continue to deliver, further backing up the high satisfaction ratings that brokers receive in other qualitative feedback." Felton added.
Research group 'comparator' provides the quarterly figure by calculating the value of loans settled through 19 of the leading aggregator groups as a percentage of the ABS Housing Finance commitments. The MFAA releases this statistic each quarter.