Australian Finance Group’s half-year financial results on Friday were a sign of the times, reaffirming the unrelenting march of the mortgage broker.
Thirty-two years after Aussie Home Loans kick-started the sector, Australian home buyers are still flocking to mortgage brokers in droves, to help navigate the complexities of the ultra-competitive home lending market. AFG provides services to 4100 of them across the country.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
