Why More Australians Are Choosing Mortgage Brokers: The Numbers Don’t Lie
Mortgage Brokers Hit a New Milestone
Mortgage brokers have set a new industry record, with seven out of 10 new mortgages now being settled through their services! This shift highlights how brokers are delivering unmatched value in helping Australians secure their dream homes.
In the nine months leading up to 31 March 2023—a period marked by rising interest rates—mortgage brokers helped settle more than 70% of all new residential home loans, according to the Mortgage & Finance Association of Australia (MFAA).
For context, just two years ago, brokers were settling between 50-60% of new home loans. So why the surge in popularity?
Why More Home Buyers Are Turning to Mortgage Brokers
With rising interest rates, getting the best deal on your home loan has never been more important. Brokers provide unparalleled expertise and access to a broad lender network, including big banks, small banks, and non-bank lenders.
Want tailored mortgage advice? CBM Mortgages connects you with expert brokers who ensure you get the best loan for your needs.
Here are five key reasons why mortgage brokers are becoming the go-to choice for Australian home buyers:
1. Brokers Do the Legwork
There are hundreds of home loans to choose from—but who has the time to compare them all? Your mortgage broker does!
From handling paperwork to guiding you through the loan approval process, brokers make securing a home loan stress-free.
💡 Find the right loan option with expert broker support.
2. Flexibility That Suits You
Life is busy, right? Mortgage brokers work on your schedule, offering:
✅ After-hours appointments
✅ Online consultations
✅ Flexible, hassle-free meetings
This makes working with a broker ideal if you’re juggling work, family, or home hunting.
3. Tailored Loan Advice for Smarter Decisions
Brokers don’t just find loans—they provide personalized financial insights, including:
- Your borrowing power
- Deposit requirements
- Repayment calculations under different scenarios
This data-driven approach takes the guesswork out of buying a home.
💡 Get expert home loan insights to plan your purchase with confidence.
4. No Extra Costs, Plus a Best Interests Duty
One common misconception is that brokers charge extra for their services. The truth? Mortgage brokers work at no cost to clients, as they’re paid commissions by lenders.
Unlike banks, brokers are bound by a legal best interests duty, ensuring you receive the best possible loan—not just one with cashback offers or hidden fees.
5. Long-Term Support for Your Home Loan Journey
Your mortgage broker isn’t just here for the initial loan approval—they support you throughout your homeownership journey, ensuring your loan remains the best fit as your life evolves.
💡 Need a refinance strategy in the future? CBM Mortgages is here to help!
Work With a Trusted Mortgage Broker Today
Thinking about buying a home in Sydney’s Eastern Suburbs? Let CBM Mortgages help you secure the right loan with ease.
✅ Compare loans across multiple lenders
✅ Get tailored loan strategies
✅ Enjoy long-term mortgage support
📞 Contact CBM Mortgages today and get expert guidance on your home loan journey!
Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.
Written by Craig McDonald 12/06/2025
