Broker numbers are tipped to fall by up to 5,000 as lending volumes slide, commissions are cut and regulation nears implementation.
According to Mark Hewitt, general manager of sales and operations at Australian Finance Group (AFG), market conditions are the toughest he has seen in 20 years and are set to drive broker numbers down.
This content is available exclusively to The Adviser premium members.
To continue reading the rest of this article, please log in.
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
JOIN THE DISCUSSION