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Floods devastate broker businesses

Staff Reporter 1 minute read

Jessica Darnbrough

Queensland brokers are struggling to keep their businesses operating as floods continue to ravage the state.

Alliance Finance and Property’s Nic Jarvisvo told Market Focus that the power in his store had been turned off and wasn’t likely to come back on before Monday morning.

“They have told us that it could come back on Monday – though the reality is, it could be two or three weeks before we are back in the store,” he said.

Because of the power disruption, Mr Jarvisvo said he was unable to finalise loan applications. Moreover, he had been forced to evacuate his premise and is currently forced to work from home.

“We can’t lodge anything because we don’t have any power. I have had to have the phones directed to my mobile and I have had to divert the fax to my in-laws. At the moment, I am only receiving a handful of emails through my phone. We are at a complete standstill,” he said.

But while Mr Jarvisvo’s business is suffering from the flood disaster, he admits, the whole situation could be a lot worse.

“I have clients that are facing really scary situations. One of my clients has a retro Mercedes parked in my garage because the ground parking lot at his place is under water. Once we get back on board, I only hope we can proactively work with the lenders to help those worst affected by the floods to get on their feet once again.”

Floods devastate broker businesses
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