Broker Bulletin – March Insights That Matter
As March wraps up, we’ve pulled together the trends, updates, and key takeaways that mattered most for mortgage brokers this month. From anticipated rate cuts to shifting borrower priorities, there’s plenty for brokers to keep an eye on.
This month, we also marked International Women’s Day with an inspiring conversation between Deepika Dixit and Therese Oneill, one of Australia’s leading business coaches & mentors.
Market Trends & Key Updates
Rate Cuts on the Horizon
With the inflation rate falling to 2.4%, experts predict the RBA could announce another rate cut by May or June 2025, potentially triggering a refinancing surge.
Source: ABC News
What It Means for Brokers: Stay ahead - line up pre-approvals and update servicing calculators.
Government Expands Help to Buy Scheme
The Help to Buy Scheme now allows eligible buyers to purchase a home with just a 2% deposit. The government can contribute up to 40% for new builds and 30% for existing homes. Income and property price caps have also been increased.
Source: Housing Australia
What It Means for Brokers: This opens up new lending opportunities to first-time home buyers, especially single parents and low-income applicants.
ASIC Tightens Lending Oversight
ASIC has flagged concerns about payday lenders and mid-size loan providers sidestepping regulations. This is a reminder to all brokers that your compliance and documentation process must be thorough and up-to-date.
Source: ASIC Newsroom
What It Means for Brokers: Now’s a good time to review your VOIs (Verification of Identity), file notes, and credit assessment procedures.
Broker's Tips of the Month
Prepare Clients for Another Possible Rate Cut
et those pre-approval discussions going. If the RBA cuts rates in May or June 2025, ready clients will act faster—and so will your pipeline.
A little planning now can save a lot of time later.
Review Your Client List for New Opportunities
The updated “Help to Buy” scheme means more clients like single parents and first-time buyers might now qualify. Check who fits. Stay tuned for more.
Strengthen Referral Network
Strong referrer relationships will be key as more buyers re-enter the market. Touch base with agents and other trusted partners now to secure leads. Consistency can lead to steady referrals later.
💬Spotlight: A Conversation That Inspires
This month, Deepika Dixit sat down with Therese Oneill for an insightful discussion on women in finance and leadership.
“Her energy, clarity, and belief in women’s ability to lead and shape the future of this industry are something that stays with you long after the conversation ends." – Deepika Dixit
🎥 Watch the Full Video: Special IWD Conversation – Deepika & Therese
Let it inspire you, your team, or someone just starting in this space.
Looking Ahead to April 2025
Easter Break - Lender processing delays expected. Submit files early.
Investor Lending Rise - Budget announcements could drive more investor activity.
Operational Review: April is a great time to reassess costs and improve efficiency.
Any Questions or Need Support?
📞 Call: 02 8834 1222 or 1300 PROOWRX