Finance Specialist: What rate cuts mean for brokers

In this episode of Finance Specialist, hosts Jack Campbell and Trent Carter discuss the RBA dropping the cash rate by 25 bps and how this decision is likely to impact brokers.

Consumer confidence is likely to rise and in turn brokers should expect an influx of customers. One major benefit will be businesses receiving some much-needed relief as spending climbs, prompting a need for solid commercial and asset finance brokers to service their loan needs.

Also touched on was the role of tech and how brokers are leveraging it to drive efficiency. Despite this, in the commercial space, there is a lack of powerful tools, showing how there isn’t the same attention that is granted to residential lending.