iscover 
The June 2026 report, compiled by data analytics company Cotality from leading aggregator and broker groups and commissioned by the Mortgage and Finance Association of Australia (MFAA), found broker market share had risen four percentage points from 77.6 per cent in June 2025 and 7.9 percentage points from 73.7 per cent in June 2024.
Over the eight years covered by the MFAA’s survey data, broker market share has risen from 53.9 per cent in June 2018 to 81.6 per cent in June 2026 – an increase of 27.7 percentage points.
Volume climbs despite headwinds
Mortgage brokers facilitated $139.08 billion in new lending over the June quarter, an increase of $17.49 billion and the highest volume recorded for any June quarter.
The record came despite a backdrop of dampened mortgage demand.
This year has seen three rate hikes and a federal budget that overhauled investor tax settings.
According to credit reporting bureau Equifax’s Consumer Market Pulse, overall mortgage demand fell 16.4 per cent year-on-year in July 2026.
Figures from Aussie Home Loans and Loan Market Group corroborate this, finding double-digit declines in first home buyer (FHB) and investor activity since the federal budget.
The major banks have also felt the pinch, with Australia and New Zealand Banking Group, Westpac, the Commonwealth Bank of Australia and the National Australia Bank reporting softer mortgage application flows.
This has translated into stalling house prices, with Cotality finding 93 per cent of capital-city suburbs dropped in value in August, taking national values 3.6 per cent below their March peak.
Nonetheless, MFAA chief executive officer Anja Pannek said the conflicting story of slumping demand but growing broker share and volumes represented a structural shift in how Australians accessed home lending.
“Australia is one of only three countries globally, alongside the United Kingdom and the Netherlands, where mortgage brokers facilitate more than 80% of mortgage lending,” Ms Pannek said.
“This result is a clear sign of how Australians now choose to access home lending and the value they see in having someone in their corner.”
[Related: Broking leaders unpack lessons from international markets]
Want to see more stories from trusted news sources?Make Broker Daily a preferred news source on Google.
