Intermediaries write more than three quarters of new mortgages as December quarter volumes hit record high
Mortgage brokers were responsible for more than three quarters of new residential home loans written in Australia in the December 2025 quarter, as broker volumes reached a new December peak despite a slight dip in market share.
Data compiled for the Mortgage & Finance Association of Australia (MFAA) show brokers facilitated 76.7% of all new residential mortgages over the three months to December. That is down 0.6 percentage points from the September 2025 quarter’s 77.3% reading, but 0.7 percentage points higher than the December 2024 quarter and 4.9 percentage points above the same period in 2023.
In value terms, brokers settled $142.2 billion of new home loans in the December quarter, a 9.2% increase on the previous three months. Compared with December 2024, broker-originated settlements were up $27.15 billion, or 23.6%, marking the highest volume recorded in any December quarter since the MFAA began publishing its Quarterly Market Share reports in 2013.
MFAA chief executive Anja Pannek (pictured right) said the figures reflected both a strengthening housing market and a continuing shift by borrowers towards intermediary distribution.
“Mortgage broker-facilitated lending growth outpaced the overall market during the quarter, highlighting the value of the broker proposition,” said Anja Pannek (pictured right), chief executive of the Mortgage & Finance Association of Australia.
“Today’s lending environment presents borrowers with a broad array of lenders, products and information. The key question is not simply price, but which lender and product genuinely fits their circumstances.
“We are seeing borrowers seek out the expert guidance of a broker to navigate that complexity and proceed with confidence.”
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