Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Aussie sets sights on LJ Hooker

Staff Reporter 4 minute read

The Aussie empire could soon move into real estate with John Symond confirming his interest in national franchise LJ Hooker, according to The Australian Financial Review.

While details reported in the daily yesterday were vague, the paper said Mr Symond, along with Sydney real estate businessman John McGrath, had confirmed his interest in the franchise.

LJ Hooker is not formally up for sale however it is owned by Suncorp – which has been widely documented as struggling with the credit crisis. Last week LJ Hooker managing director Warren McCarthy resigned abruptly along with general manager Angelo Nicholson.

Aussie’s interest in the franchise real estate agent comes hot on the heels of its controversial acquisition of Wizard Home Loans just last month.

Advertisement
Advertisement

While Mr Symond said the Wizard integration was keeping him busy for now he confirmed the LJ Hooker franchise had caught his eye.

“This is just something I threw up. Suncorp owns LJ Hooker, Suncorp will probably divest its interest and I wondered if LJ Hooker is worth a look at, “Mr Symond told the paper.

“We have never had any discussion or formal discussions and we have got our hands full at the moment with the integration of Wizard. It caught my attention because it’s a great franchise operation and has a great distribution potential.”

COMMENT HERE

 

PROMOTED CONTENT


Aussie sets sights on LJ Hooker
default
TheAdviser logo

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

default

 

more from the adviser
ASIC TA ASIC levy reflects ramped up enforcement: FBAA

ASIC’s raised industry funding levies reflect higher enforcemen...

money piggy 2ad3 Lockdowns threaten business loan demand: Equifax

Construction and retail trade have fuelled business loan growth i...

mortgage money house 48% of home loan applicants frustrated by paperwork

The majority of Australian borrowers think applying for a home lo...