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Why the First Two Years in Mortgage Broking Decide Your Success

The first two years of a mortgage broking career decide everything.

They determine whether this becomes a thriving, long-term profession or a short, difficult chapter. In those early stages, you either build the momentum needed for a sustainable mortgage broking business or risk becoming part of the industry’s high turnover statistics.

The Reality of Starting a Mortgage Broking Career in Australia

Across the Australian mortgage broking industry, data shows that roughly 54% of new brokers leave within their first 24 months. Only 46% remain.

At Purple Pathways Mentoring Academy, we have flipped that narrative. Almost 76% of our new-to-industry mortgage brokers remain active and successful over that same period. Our members aren’t just surviving; they are writing deals, building consistent pipelines, and establishing themselves as elite professionals.

That gap is not accidental. It is engineered through a superior broker support structure.

A Broker-Owned Aggregator Built for Your Growth

Purple Pathways is the dedicated training arm of Purple Circle Financial Services—a broker-owned aggregator designed by industry veterans who understand exactly what a new mortgage broker demands.

We don’t just provide a standard mortgage broker mentoring program. Our mission is to elevate the standard of support and professional excellence across the entire Australian finance broking landscape.

What Sets Our Mortgage Broker Mentoring Apart?

When you join our academy, you aren’t just handed compliance documents and left to navigate MFAA and FBAA requirements alone. Your journey includes:

  • Accredited Mortgage Broker Mentors: Work with experienced mentors who provide real-world guidance.
  • Daily Live Training Sessions: Move beyond theory. We unpack real loan files and structure deals in real-time, teaching you how to interpret lender policy and handle complex scenarios.
  • Sales Coaching & Lead Generation: Technical skill alone won’t grow a business. We provide a dedicated sales coach to help you master referral strategies, lead generation, and client conversion.
  • A Supportive Broker Community: Join an aggregator culture that remembers the “first submission nerves.” From your first deal to your first settlement, you have a community backing you.

From New Entrant to Award-Winning Mortgage Broker

We have seen new mortgage brokers start with uncertainty and grow into high-performing, award-winning professionals. Our graduates consistently rank in National Top 10 broker lists, and many of our former mentees have now become mentors themselves, strengthening the next generation of the industry.

This is about more than just “getting through” your first two years. It’s about building your business correctly from day one with the right mortgage broker aggregator, the best mentoring, and a proven support structure.

Join Australia’s Best Mentoring Program for Mortgage Brokers

If you are searching for a mortgage broker aggregator with structured mentoring, practical training, and a genuine community, you don’t have to navigate the path alone.

There is a reason Purple Pathways Mentoring Academy was named the Best Mentoring Program for Mortgage Brokers by the MFAA in both 2024 and 2025.

Small and Medium Enterprises (SME) Guarantee Scheme


The Scheme will enhance lenders’ willingness and ability to provide credit and will be available for new loans made by participating lenders until 30 September 2020.

The Government will provide eligible lenders with a guarantee of 50% per cent of new loans. Some generic terms are:

  • Businesses with a turnover of up to $50 million.

  • Maximum total size of loans of $250,000 per borrower.

  • Loans will be up to three years, with an initial six month repayment holiday.

  • Unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.

Reduced Interest Rates


Consider your current banking arrangements. The Reserve Bank has recently reduce the cash rate and lenders have passed this on to various loans they have.

Instant Asset Write Off


An increase in the instant asset write-off threshold from $30,000 to $150,000 30 June 2020.

Deferment of Loan Repayments for up to 6 Months


The banks are developing their own approach as to how to deal with requests from their clients for repayment holidays. Some are automatically granting the request, others are assessing the requests individually.