The 2024 Mortgage Broker Research Report has been commissioned in partnership between Helia and the Mortgage & Finance Association of Australia (MFAA), and conducted by CoreData. Over 256 currently practicing mortgage brokers spread across Australia responded to the research survey.

The research found that, even though LMI can help people get into homes sooner, it is not a pathway routinely recommended by mortgage brokers, with 74% of survey respondents saying less than 20% of their total business volume involved LMI. Other key insights include a basic to low understanding of LMI at home buyer level (82%) with the significant challenge being cost vs benefit (74%).