An ever-growing majority of consumers are taking out home loans via mortgage brokers, rather than going direct-to-lender. Between July and September 2022, mortgage brokers facilitated 71.7% of all new residential home loans – a record share – according to research group Comparator. That compared to 66.9% the year before and 60.1% the year before that. […]

Very few borrowers are currently fixing their home loans – unlike a year earlier when about half of borrowers were doing so. In October 2022, the most recent month for which we have data, only 4% of borrowers fixed their loans (both new loans and refinances), according to the Australian Bureau of Statistics. By contrast, […]

The latest data from the Australian Bureau of Statistics has revealed that enormous numbers of borrowers are refinancing their home loans. Australians refinanced $17.8 billion of mortgages in October – not far off the record $18.6 billion of refinancing that occurred in August. Indeed, the past six months have been the six biggest months in […]