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The mortgage broker sector continues to dominate home lending, with the latest quarterly market share data from the Mortgage & Finance Association of Australia (MFAA) showing that 77.3 per cent of new residential lending now flows through brokers.
The quarterly market share data – collated by Cotality for the MFAA – shows that brokers continue to dominate home loans.
The figure for the September 2025 quarter marks the second-highest result on record, after the 77.6 per cent result for the June 2025 quarter.
Broker market share has grown by 2.7 percentage points in a year – according to the stats – and is up nearly 6 percentage points on two years ago (the September 2023 quarter result was 71.5 per cent).
The QMS data – now in its 52nd consecutive quarter of publication – is collected by Cotality from leading aggregators and broker groups on behalf of the Mortgage & Finance Association of Australia.
It found that – during the September 2025 quarter, mortgage brokers settled $130.23 billion of new home loans – the highest value for any September quarter or for any single quarter since the commencement of the QMS data.
This is an increase of $27 billion (26.1 per cent up) in the value of new lending when compared year on year to the $103.23 billion settled in September 2024.
MFAA CEO Anja Pannek said the September 2025 quarter results were a continued testament to the strong relationships brokers have built with their clients and the value they deliver.
“Australian borrowers clearly value the skill, expertise and choice a mortgage broker brings, in what is a complex lending market. The smartest approach is to work with a broker who can help you navigate your options with confidence and clarity,” Pannek said.
“Borrowers and brokers will be watching closely to see what the Reserve Bank decides when the Board meets to set the official cash rate on Tuesday, 9 December.
“While market experts are predicting no change to the cash rate, there are still many options available to home loan borrowers. We recommend people proactively reach out to their broker to understand their options.”
[Related: Market share hits record 77.6% as Aussies flock to brokers]