The Finance Brokers Association of Australia (FBAA) has announced a strong membership surge over the past 12 months, hitting 13,298 members as of 30 June 2025, with that number increasing to more than 13,400 as of 1 August.

FBAA managing director Peter White AM said 2174 new members joined the association with net growth significant despite some members retiring or leaving the industry.

“We are grateful for the confidence our members have shown in us, by making us the nation’s largest industry association for individual finance and mortgage brokers,” he said, pointing out that the FBAA doesn’t “double count” members who are both individuals and companies.

He also revealed that around 95 per cent of members hold only FBAA membership, a figure he called significant, as it “brings some clarity around broker numbers.”

Mr White said 92 per cent of members were customer facing brokers, with the remainder retired members, non-loan writers and students who joined as a result of the association’s proactive efforts to foster the future of the industry.

He said there was much to celebrate in a year that included great gains in educational initiatives and professional development.

“We were pleased to launch the Certified Finance Broker (CFB) program in collaboration with CFMIA, and the “Diploma with a Difference’”, and of course we have just completed our Elevate PD Series which sold out venues around the country, and the Commercial Masterclass series.

Mr White said advocacy for members was always a priority.

“We’ve continued to meet with senior ministers, senators and even had a private dinner meeting with the prime minister as part of our efforts to reduce clawbacks.”

Heading further into 2025-2026, Mr White says the association will continue to engage with regulators and MPs on both sides of politics, and will keep expanding its education platforms to ensure “a solid and relevant base of knowledge is available to members at the highest professional capabilities available.”

Thanking members for giving the FBAA such high member satisfaction ratings, he revealed the association was currently developing “improved technology driven systems solutions to better assist members with engagement and access to enhanced services and products soon to be launched.”

“Thank you to all FBAA staff, board members and volunteer state representatives of the FBAA across Australia for the exceptional job you’ve done to advance the industry over the last 12 months,” Mr White said.

“It’s been a very big year investing in our team, and an even bigger year ahead investing into our business and members.”