The ranks of Australia’s finance and mortgage brokers continue to swell according to new research from the Finance Brokers Association of Australia (FBAA), which also reveals the number of women entering the industry is on the rise.

According to the 2025 FBAA Broker Density Report, there are 10.9 brokers per 10,000 adults in Australia, with the ratio rising 1.87 per cent from the previous report.

The report, based on a survey conducted by leading researcher CoreData, found there are 22,000 brokers in Australia with the broking industry growing 3.66 per cent since 2024.

Currently 13,000 customer-facing finance and mortgage brokers are members of the FBAA, representing around 59 per cent of Australian brokers.

FBAA managing director Peter White AM said the report “paints an optimistic picture for the future of Australian broking.”

“The number of brokers is on the rise, both in absolute terms and as a proportion of the overall population,” he said.

“Consumers keep turning to brokers because they know they’re best placed to help Australians secure better rates, more flexibility, and lending solutions tailored to their circumstances.

“Increased competition between lenders is driving demand for brokers among consumers seeking tailored advice, better deals and guidance in navigating lending markets.”

While the report shows males continue to dominate the industry, the number of female brokers increased to almost 6,500, representing a gender split of 70/30, compared to 72/28 in 2024.

High population states Victoria and New South Wales have the highest ratio of brokers, with lower ratios in outer metro and regional areas marking a “real growth opportunity”, according to Mr White.

“Emerging opportunities persist around the fringe regions of major cities, where housing prices and populations continue to rise faster than broker presence,” he said.

“Broker expansion into these areas will be an ongoing focus for the FBAA.

“It’s also encouraging to see more women entering a broking industry keen to utilise the unique skills and experience they bring to the profession.”

Mr White added that, “in an era of technological change, ongoing CPD will be crucial for all brokers and we’ll continue to offer world-class training and professional development opportunities.”

According to the report, there are 4,668 Australian Credit Licensees in operation.