The Finance Brokers Association of Australia (FBAA) has announced record growth for the 2021 financial year.
The peak body, one of the two for mortgage and commercial brokers in Australia along with the Mortgage and Finance Association of Australia (MFAA), has also reported a 10% growth in membership in the last 12 months, with over 9,000 brokers now affiliated.
The numbers reflect the success that the industry has enjoyed in the last year, despite the ongoing COVID-19 pandemic, with home loans breaking almost every record in the book and the broker channel garnering some of the biggest market shares ever seen.
To celebrate the growth, membership fees have been frozen again for the third year running.
“What a time we’ve had over the past 18 months!” said FBAA CEO Peter White. “We went from talking about how the industry would cope from the economic downturn due to COVID, to keeping up with business following the recent increase in property sales and loans.”
“Through this time the FBAA has been there for you and all of our members, and we’ve prioritised business success, personal health, and ongoing training and development. We really do take seriously our mantra of ‘by brokers, for brokers’ and are passionate about helping every member prosper.”
“One of the main comments we hear from members is that the FBAA is on track when it comes to not only talking about the issues you care about and that directly affect you, but that actions and results follow. In other words, our public dialogue is not only relevant but we strive for real outcomes.”
‘When we deal with stakeholders, whether these be regulators, MPs, the media, and those within our industry, the conversation is not about us but about the issues that matter and about building the industry as a whole.”
