The Australian Mortgage Broker Survey 2007 - Market Review
The Australian Mortgage Broker Survey 2007 - Market Review - New Research Report on Companies and Markets
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Introduction
The broker channel has become increasingly important in the distribution of mortgage products in the Australian market over the last few years. This report looks at how the mortgage broker channel is changing and focuses on issues and challenges faced by brokers.
Scope
Uses Australian Mortgage Broker Survey 2007 to understand brokers´ thoughts of various mortgage issues and challenges. Quantifies the size
of the broker channel in the Australian mortgage market. Analyzes current trends in the broker channel.
Highlights
In Australian Mortgage Broker Survey 2007, 26% of brokers thought their refinancing business would increase, down from 41% of respondents surveyed in 2006. This indicates that refinancing is not as significant a growth segment for mortgage brokers as it once was. Broker groups are expected to undergo further consolidation, as competition increases and as economies of scale become more important. Lower margins on residential mortgages means that efficiency and scale becomes more important, and that smaller players will have a harder time to stay competitive. The increasing consolidation of mortgage brokers can be seen as a sign the industry is maturing. Some industry sources believe that consolidation and regulation may herald a new era for mortgage brokers, and that stability will increase as lenders commit to long-term third party distribution.
Reasons to Purchase
Provides you with the analysis of how the broker channel is changing, thus allowing you to better plan your distribution strategies. Learn about the challenges facing the Australian broker channel and adapt your strategies accordingly. Learn who are the most commonly used mortgage lenders in the broker channel.
Introduction
The broker channel has become increasingly important in the distribution of mortgage products in the Australian market over the last few years. This report looks at how the mortgage broker channel is changing and focuses on issues and challenges faced by brokers.
Scope
Uses Australian Mortgage Broker Survey 2007 to understand brokers´ thoughts of various mortgage issues and challenges. Quantifies the size
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Highlights
In Australian Mortgage Broker Survey 2007, 26% of brokers thought their refinancing business would increase, down from 41% of respondents surveyed in 2006. This indicates that refinancing is not as significant a growth segment for mortgage brokers as it once was. Broker groups are expected to undergo further consolidation, as competition increases and as economies of scale become more important. Lower margins on residential mortgages means that efficiency and scale becomes more important, and that smaller players will have a harder time to stay competitive. The increasing consolidation of mortgage brokers can be seen as a sign the industry is maturing. Some industry sources believe that consolidation and regulation may herald a new era for mortgage brokers, and that stability will increase as lenders commit to long-term third party distribution.
Reasons to Purchase
Provides you with the analysis of how the broker channel is changing, thus allowing you to better plan your distribution strategies. Learn about the challenges facing the Australian broker channel and adapt your strategies accordingly. Learn who are the most commonly used mortgage lenders in the broker channel.
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