In recent years, Australian homebuyers have shown a clear preference for using mortgage brokers when securing their home loans. According to the Mortgage & Finance Association of Australia (MFAA), this shift is driven by brokers’ ability to provide expert guidance, access a wide range of lenders, and customize loan solutions tailored to individual needs.
During the most recent quarter, Australian mortgage brokers settled an impressive $99.37 billion in new residential home loans—a significant jump from $81.47 billion a year ago. This 22% increase marks the highest value recorded for a March quarter and underscores the growing confidence in broker-led lending solutions.
Why are more Australians choosing brokers? Beyond offering specialist advice and access to numerous lenders, brokers simplify the complex mortgage process. They handle paperwork, negotiate competitive deals, and provide ongoing support, making home financing smoother and more accessible for clients.
One standout benefit of working with brokers like Mates Rates Mortgage Brokers is the Mates Rates Cash-back program. With monthly cash-back payments now exceeding $14 million, these rebates help borrowers pay off their homes faster—saving thousands of dollars over the life of a mortgage.
Based on the latest data—highlighting the record-breaking $99.37 billion in new loans—this equates to a potential cash-back of approximately $149.055 million in just the first year alone! Imagine the financial boost you could gain from it.
The Mates Rates Cash-back program offers significant savings—so much so that many borrowers are unaware of these additional benefits. The cash-back is paid out monthly, providing extra funds that can be redirected toward mortgage repayments or other financial goals.
Consider this: How much money are you leaving on the table with your current loan? With the right broker and the Mates Rates program, you could accelerate your journey toward homeownership or enjoy extra financial flexibility.
These insights are backed by official statistics compiled by Cotality’s Comparator (previously CoreLogic), commissioned by the MFAA. The data, collected over the past 50 quarters since 2013, confirms the increasing dominance of mortgage brokers in Australia’s home loan landscape—and the value they deliver to consumers.
Partner with a trusted mortgage broker like Mates Rates Mortgage Brokers, and discover how much you could save in cash-back, secure competitive deals, and simplify your journey toward homeownership. Contact us today to learn more about your options and how we can help you make smarter financial decisions.
