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A sluggish property market is not stopping brokers from writing business.
Speaking to The Adviser, FirstPoint director Troy Phillips said business had been very strong in the lead up to Christmas.
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"We have been really busy over the last month. Even now, we are still really busy, which is a really good sign for the future," he said.
Mr Phillips said he couldn't attribute the increase in activity to any one factor.
"I don't think the recent interest rate cuts have necessarily resulted in more business opportunities. I think it is a number of things," he said.
"People have been sitting on their hands for some time and they are keen to get back in the market. Stamp duty concessions for first home buyers in NSW also ran out at the end of last year, which helped kick a few potential home buyers into gear."
Mr Phillips is not the only broker to report an increase in volumes.
Yesterday, Loan Market Group announced that it had achieved its second biggest month on record.
According to Ray White's chairman Brian White, Loan Market Group's results were "more proof in the emerging underlying confidence within our communities".
Similarly, AFG also enjoyed a solid end to the year, with the aggregator recording settling $2.9 billion in mortgages in November and $2.2 billion in December.
