Mortgage group records 350% growth in settlements

Comments 0
Shares 2

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.

“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]

Promoted Stories
Recommended by Spike Native Network
more from the adviser
REA broker play signals new era

The News Corp-controlled online real estate giant’s move into m...

CBA lifts interest-only rates

The major bank has followed its peers by announcing rate increase...

Aggregation boss offers advice for brokers in a changing market

Brokers need to keep customers "front and centre" in order to nav...