However, gender diversity in the industry showed minimal improvement, with women now representing 30% of brokers, up from 28% in 2024. While the figure reflects a gradual increase in female participation, men continue to make up the majority of the profession.
The FBAA said its membership accounts for 13,000 customer-facing finance and mortgage brokers, representing about 59% of the national broker workforce.
“The number of brokers is on the rise, both in absolute terms and as a proportion of the overall population,” said Peter White (pictured top), managing director at FBAA. “Consumers keep turning to brokers because they know they’re best placed to help Australians secure better rates, more flexibility, and lending solutions tailored to their circumstances.
“Increased competition between lenders is driving demand for brokers among consumers seeking tailored advice, better deals and guidance in navigating lending markets.”