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Mortgage group records 350% growth in settlements

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Mortgage group records 350% growth in settlements

James Mitchell 2 minute read

The finance arm of a national real estate group has reported a 350 per cent surge in settlements in 2015.

Australian Property Finance (APF) CEO Nathan Swain said 2015 was “a powerful year of growth" for the group in which it completed its second wave of heavy recruitment in readiness for the start of 2016.

APF’s initial recruitment push was in July 2014, and the network has continued to grow solidly since then.

“At this time, we have more than 10 brokers who have been with us less than six months, which is an exciting indication of our growth in numbers and reach of service, as well as our growing reputation attracting top people to the APF ranks,” Mr Swain said.

“I see us stepping up significantly through 2016 and beyond, with the assistance of a very active property market in south-east Queensland, in particular,” he said.

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“We have concentrated our recruitment in the south-east Queensland region and are well positioned to cope with the increased enquiries which both RE/MAX and APF are expecting.”

This year, however, APF is keen to expand its presence beyond south-east Queensland, with Sydney as its next priority.

“This aligns us closely to the strong growth plans of RE/MAX Australia,” Mr Swain said.

He added that 38 per cent of total APF business came through RE/MAX in 2015.

“This is an outstanding result for our business, particularly given our infancy,” Mr Swain said. “This figure is as much as double that of our like competitors and positions us very nicely as we continue our growth in broker numbers”.

[Related: APF credits academy for 'champion' brokers]

Mortgage group records 350% growth in settlements
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James Mitchell

James Mitchell

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.

He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.

James holds a BA (Hons) in English Literature and an MA in Journalism.

 

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