“And what we’re seeing is a shift in brokers,” Saoud stated. “The brokers in Australia have gotten larger and busier, and what they’re doing is diversifying. So, historically a selected dealer would solely specialise in providing mortgages. However what we’re seeing with the extra professionalization of brokers is rising into various financing, not solely providing mortgages, however business lending, asset finance, private loans. So, all of that’s contributing to that form of openness to make use of non-banks.”
