A Victoria-based real estate group has announced it will pay employees of its new broking arm a salary plus commission.
Hockingstuart will officially launch Hockingstuart Finance later this month after revealing its plans to move into mortgage broking in December 2014, as reported by The Adviser.
The group’s new arm will act as a standalone business, and will offer over 500 loan products, including an exclusive range of home loans.
Hockingstuart Finance is the brainchild of Hockingstuart managing director and CEO Nigel O’Neil, who spent 10 years at ANZ-owned finance company Esanda Finance before joining the real estate group.
Mr O’Neil said the launch of Hockingstuart Finance is part of the group’s overall strategy to make the home-buying journey easier for its customers.
“We’re increasingly realising the importance of leveraging our relationships to drive maximum value for our real estate customers and our businesses,” he said.
“Our agents understand the intricacies of moving house better than most – that’s why they often get inquiries from customers about financing their property purchase.”
Mr O’Neil added that the company’s large database and expertise in the property industry gives Hockingstuart Finance a unique value proposition in the mortgage lending market.