Latest industry figures reveal more brokers per capita, but growth uneven across regions
The density of finance and mortgage brokers in Australia has increased, according to the latest research from the Finance Brokers Association of Australia (FBAA).
The 2025 FBAA Broker Density Report finds there are now 10.9 brokers for every 10,000 adults, up 1.87% from the previous year.
The report estimates the total number of brokers at 22,000, a 3.66% rise since 2024. Broker density remains highest in Victoria and New South Wales, while outer metropolitan and regional areas continue to lag behind the national average.
However, gender diversity in the industry showed minimal improvement, with women now representing 30% of brokers, up from 28% in 2024. While the figure reflects a gradual increase in female participation, men continue to make up the majority of the profession.
The FBAA said its membership accounts for 13,000 customer-facing finance and mortgage brokers, representing about 59% of the national broker workforce.
“The number of brokers is on the rise, both in absolute terms and as a proportion of the overall population,” said Peter White (pictured top), managing director at FBAA. “Consumers keep turning to brokers because they know they’re best placed to help Australians secure better rates, more flexibility, and lending solutions tailored to their circumstances.
“Increased competition between lenders is driving demand for brokers among consumers seeking tailored advice, better deals and guidance in navigating lending markets.”
The report also identifies significant disparities in broker density between states and regions. While the most populous states lead in broker representation, outer metro and regional locations are described as areas of “real growth opportunity”, with housing demand outpacing broker presence.
“Emerging opportunities persist around the fringe regions of major cities, where housing prices and populations continue to rise faster than broker presence,” White said. “Broker expansion into these areas will be an ongoing focus for the FBAA.”
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