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In the six months to 30 June 2025, Connective brokers settled $60.44 billion in loans, up 25.1 per cent from the same period last year.
The total applications in the half-yearly period were $74.6 billion, up 30.6 per cent from last year.
Commercial lending helped drive much of this growth and even outpaced residential mortgages, with a total settlement value of $8.61 billion over the six-month period, up 36.7 per cent year on year.
Connective attributed the sustained growth in commercial lending to the diversification of its brokers.
Many are seeing the benefits that different avenues of lending can provide. Rather than sticking to residential mortgages, brokers are increasingly branching out and diversifying offerings.
“Businesses are continuing to look for funding pathways that support growth and manage cashflow. Brokers are providing that connection to lenders and opening up opportunities that might otherwise be out of reach. Increasingly we are also seeing brokers step into new areas to meet business demand such as private lending and structured solution,” said Connective’s CEO, Glenn Lees.
Asset finance also recorded strong numbers, with settlements totalling $2.05 billion, up 4.6 per cent year on year.
“Asset finance remains challenging, given higher borrowing costs and more cautious consumer spending. Even so, Connective brokers have delivered growth by working closely with clients and leveraging a wider panel of lenders to provide fit-for-purpose solutions. That adaptability will position brokers well as confidence returns,” Lees added.
Despite stronger growth in commercial, residential was still more lucrative. Settlements totalled $49.8 billion over the six months to 30 June 2025, up 24.5 per cent from last year.
“This level of residential activity shows how resilient housing demand remains even as conditions tighten. Brokers are at the centre of this momentum, translating demand into real outcomes and ensuring clients can move quickly in a competitive market,” Lees said.
June was the highest-performing month in Connective’s history, with a record $12.06 billion in settlements.
According to the aggregator, much of this positive growth was spurred by economic impacts.
Stabilising inflation and reduced interest rates helped generate more activity from borrowers.
“Brokers have been at the frontline of lending activity this year. They are helping families secure homes and supporting businesses to access funding. These results are a credit to their expertise and commitment. The growth we are seeing is not just about volumes but also about brokers building trust and delivering outcomes that borrowers value,” said Lees.
[Related: Connective launches white label reverse mortgage]
