External Factors Impacting the Finance Broking Industry
Course Details
Description
The finance broking industry is a vital component of Australia’s Financial Services sector, focusing on mortgage and finance broking management. Closely aligned with both the housing and financial services industries, the finance broking industry plays a crucial role in helping individuals and businesses achieve their financial goals through expert advice and tailored loan solutions.
Finance brokers facilitate a wide range of financial product transactions and assist clients in meeting their personal and business finance needs. Mortgage brokers, a key part of the industry, help clients source, compare, and apply for mortgage finance options that best suit their circumstances.
In September 2020, the Australian finance broking industry achieved its highest-ever market share of 60.1%, underscoring its dominance in the financial services landscape. It has become one of the primary distribution channels for home loans, responsible for more than half of all residential loan settlements nationwide.
According to the 2019 Skills Forecast from the Financial Services IRC, the finance broking industry ranks among the fastest growing and most essential sectors within the financial services ecosystem.
With evolving regulatory frameworks, rising educational standards, and technological advancements, the finance broking industry continues to adapt to maintain compliance, relevance, and competitiveness.
This course explores the key factors influencing the finance broking industry, including employment trends, population growth, investment patterns, and emerging technologies. These driving forces shape both the current landscape and future outlook of Australia’s finance broking industry.
CPD Hour/s Awarded on Completion
Learning Outcomes
By the end of this course, you will be able to
