Why more than 8 in 10 borrowers are choosing mortgage brokers

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Mortgage broker market share has grown from 55% to 81% in just eight years. Here’s what’s behind that shift — and why it matters for your next property decision.

By law, brokers must act in your best interests. The Best Interests Duty requires mortgage brokers to prioritise your needs above all else when recommending a loan — an important layer of protection that going direct to a bank doesn’t provide.

  • Your borrowing capacity, properly understood

    No two borrowers are the same. A broker takes the time to understand your full financial picture and explain how different lenders might assess your situation — helping you understand your real options rather than what a single bank is willing to offer.

  • Someone to navigate a complex lending environment

    Interest rates are moving, lender policies are evolving and the property market keeps shifting. Rather than comparing products on your own, a broker does the research, handles the lender comparisons and manages the paperwork — so you can focus on the property side of things.

  • Access across a wide range of lenders

    Going direct to a bank means you only see what that bank offers. A broker can compare loans across many lenders and help you understand the differences — making it easier to find an option that actually suits your circumstances and goals, not just the closest available product.

  • Legal protection built in

    Mortgage brokers are bound by the Best Interests Duty — meaning they’re legally required to act in your interest when providing credit assistance. It’s a meaningful layer of consumer protection, and one reason why more Australians are choosing to work with a broker over going directly to a lender.

Ready to see what’s actually available to you? We’ll compare the market and find a loan that fits your situation — not just what one lender happens to be offering.

Talk to a mortgage broker today