Australian mortgage brokers led new home loans with 77.6% share in June 2025, driven by trust and expertise despite bank expansion.

Australian mortgage brokers secured a record 77.6% share of new home loans in June 2025, driven by borrower trust and expertise, despite banks like ANZ expanding direct lending. ANZ’s broker-originated loans reached $60.5 billion, making up 68% of new mortgages, while the bank plans to cut 3,500 roles and boost branch lenders. Brokers, now numbering 22,000 with nearly 30% women, are vital in rural areas and provide tailored advice under the Best Interests Duty. Industry leaders warn that rising channel conflict between banks and brokers threatens competition, consumer choice, and affordability, urging mutual respect over short-term bank strategies.