--- title: Brokers help settle a record 7-in-10 new mortgages description: Brokers help settle a record 7-in-10 new mortgages image: https://moneyplex.au/hubfs/Imported_Blog_Media/Blog-1100x733-broker-share-Nov-2023.jpg --- [Skip to content](https://moneyplex.au/moneyplex-blog/brokers-help-settle-a-record-7-in-10-new-mortgages#main-content) [![Logo](https://moneyplex.au/hs-fs/hubfs/logo-4.png?width=220&height=40&name=logo-4.png "Logo")](https://moneyplex.au) Call: 1300 648 147 or Book An Appointment - [Get Your Finance Approval Guide](https://moneyplex.au/get-your-finance-approval-guide-1) - Who We Help - [Self-Employed Individuals With Families](https://moneyplex.au/self-employed-individuals-with-families-clone-new) - [Self Employed Professionals & Tradespeople](https://moneyplex.au/self-employed-professionals-and-tradespeople) - [Small Business Owners](https://moneyplex.au/small-business-owners) - [Property Investors And Developers](https://moneyplex.au/property-investors-and-developers) - 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[First Home Buyers](https://moneyplex.au/first-home-buyers) - [Medical Professionals](https://moneyplex.au/medical-professionals) - What We Do - [Mortgages](https://moneyplex.au/mortgages) - [Business And Asset Finance](https://moneyplex.au/business-and-asset-finance) - [Private Lending](https://moneyplex.au/private-lending) - [Personal Loans](https://moneyplex.au/personal-loans) - [Expert Referral Partners](https://moneyplex.au/expert-referral-partners) - [About](https://moneyplex.au/about) - [Blog](https://moneyplex.au/moneyplex-blog) - [Contact Us](https://moneyplex.au/contact-us-1) - [Contact Us](https://moneyplex.au/contact-us-1) - [Lending Strategy Session](https://moneyplex.au/lending-strategy-session) ![](https://moneyplex.au/hs-fs/hubfs/Imported_Blog_Media/Blog-1100x733-broker-share-Nov-2023.jpg?width=1100&height=733&name=Blog-1100x733-broker-share-Nov-2023.jpg) Uncategorized # Brokers help settle a record 7-in-10 new mortgages ![99ContentEditor](https://7528315.fs1.hubspotusercontent-na1.net/hub/7528315/hubfs/raw_assets/public/mV0_d-cms-elevate-theme_hubspot/elevate/images/avatar-placeholder.jpg?width=48&height=48&name=avatar-placeholder.jpg) 99ContentEditor November 1, 2023 **Mortgage brokers have notched up a new personal best, with seven out of every 10 new mortgages settled thanks to their help! It’s a sure sign that mortgage brokers are delivering the goods when it comes to helping Australians move into their dream homes.** In the nine months to 31 March 2023 (while interest rates were rising), mortgage brokers helped settle more than 70% of all new residential home loans, according to the [latest data from the MFAA](https://cdn.sanity.io/files/t0x3ukgp/production/874b6ce2db36f2fcd2e3c28e73522a1bff1daf21.pdf). It’s the first time ever that brokers have helped settle more than 70% of home loans over a three-month-plus period. For context, just two years earlier brokers were helping settle between 50-60% of new home loans. ### So why are more Aussie home buyers turning to mortgage brokers? For starters, it looks like word is getting out about how much help we can provide when it comes to giving you an informed choice with your home loan. And in this environment of higher interest rates, it’s important to be sure your home loan offers value. With a wide network of lenders – including big banks, small banks and non-banks – brokers are well-placed to help you choose the loan that’s right for you. It doesn’t end there, though. Here are five more reasons why Australians are turning to brokers for help. ### 1. Brokers do the legwork There are hundreds of home loans to choose from. But who’s got the time to find a loan that suits your needs? Your broker does. Better still, your broker does a lot of the legwork, sorting the paperwork and supporting your loan application right through to settlement. That lets you sit back, relax, and focus on moving into your new home. ### 2. We’re flexible You’re busy, right? That’s why brokers offer flexible appointment times. Want to chat after hours? No problemo. Prefer to chat online rather than face-to-face? Can do. It may seem like a minor benefit, but the flexibility brokers offer is a big deal when you’re flat out with work, family, or just busy house hunting. ### 3. Brokers provide tailored facts Brokers provide clear details to help you make informed decisions. From your borrowing power, to how much of a deposit you really need, and what your loan repayments will be under various scenarios, we’ll crunch the numbers based on your unique situation. It takes the guesswork out of buying a home and lets you plan ahead. ### 4. No additional costs and a best interests duty It often comes as a surprise that a broker’s home loan help comes at no cost to their clients. That’s because brokers are paid a commission by lenders. Rest assured though that unlike the banks, we’re (happily) bound by a [best interests duty](https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-273-mortgage-brokers-best-interests-duty/) that means we’ll always put your best interests first. So while banks and digital lenders might try to tempt you with cashback offers for loan products that may not really be in your best interests (due to fees, high interest rates, and other undesirable loan terms), we’ll only ever try to match you up with lenders and loans that are in your best interests. ### 5. Brokers keep working for you over the long term Chances are you’ll have your home loan for quite a few years. We’ll be with you along the way to help make sure your home loan continues to be the right option for you, no matter how your life changes. So call us today to see why more Australians than ever are partnering with a broker. **Disclaimer:** The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent. ## Share this post [mailto:https%3A%2F%2Fmoneyplex.au%2Fmoneyplex-blog%2Fbrokers-help-settle-a-record-7-in-10-new-mortgages](mailto:https%3A%2F%2Fmoneyplex.au%2Fmoneyplex-blog%2Fbrokers-help-settle-a-record-7-in-10-new-mortgages) ## Keep reading ### [![](https://moneyplex.au/hs-fs/hubfs/Blog%201100x733%20refinancing%20July%202026.jpg?width=1100&height=733&name=Blog%201100x733%20refinancing%20July%202026.jpg) New financial year, new reasons to review your home loan](https://moneyplex.au/moneyplex-blog/new-financial-year-new-reasons-to-review-your-home-loan) ### [![](https://moneyplex.au/hs-fs/hubfs/Blog%201100x733%20market%20budget%202026.jpg?width=1100&height=733&name=Blog%201100x733%20market%20budget%202026.jpg) How the property market is shaping up in your area post budget night](https://moneyplex.au/moneyplex-blog/how-the-property-market-is-shaping-up-in-your-area-post-budget-night) [![logo](https://moneyplex.au/hs-fs/hubfs/logo-1.png?width=240&height=44&name=logo-1.png "logo")](https://moneyplex.au) Call:1300 648 147 - [Home](https://moneyplex.au) - [About MoneyPlex](https://moneyplex.au/about) - [Lending Strategy Session](https://moneyplex.au/lending-strategy-session) - [Compliments & Concerns](https://moneyplex.au/compliments-concerns) - [Contact Us](https://moneyplex.au/contact-us-1) MONEYPLEX PTY LTD (ACN: 656 436 627) is a corporate credit representative (Representative Number 541146) of QED CREDIT SERVICES PTY LTD (Australian Credit Licence 387856). \*The amount of money we may be able to save you depends on your personal financial situation. 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