Survey finds 39% of prospective first home buyers lack confidence in home loan market
What happened
A new survey commissioned by the Mortgage & Finance Association of Australia (MFAA) found that 39% of prospective first home buyers do not feel confident navigating the home loan market without professional assistance. The study, conducted between August 12 and August 24, 2026, surveyed 2,057 Australians who plan to buy property within the next three years.
From theadviser.com.au
Why it matters
The findings indicate that 86% of respondents are likely to use a mortgage and finance broker for their next property purchase, refinance, or home loan. This trend follows a recent record where 81.6% of new residential home loans went through brokers in the June 2026 quarter.
From theadviser.com.au
Who's involved
- YouGovConducted the commissioned market research survey on consumer confidence.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- WestpacSpeculative
The banking sector might see increased pressure regarding the reliance on credit advisers for home loans.
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The entities involved
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Reserve Bank of Australia
central bank of Australia
- The Reserve Bank of Australia is managing monetary policy while assessing how geopolitical risks in the Middle East, including conflict status and oil flow, affect the outlook for inflation and the potential benefits of a peace deal.
- Geopolitical peace deals are impacting oil prices due to the ongoing situation in the Middle East.
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YouGov
international internet-based market research firm
Related events
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- RBA policy decisions are shaping the economic outlook and are being influenced by market analysis.
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