Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

New broker to double Sydney team after $1 billion year

A new player in the Australian mortgage market has announced plans to double its Sydney office to 40 brokers following a strong first year.

In its second year of trading, Shore Financial has lodged more than $1 billion in mortgage sales and has revealed plans to expand its Sydney team size from 20 to 40 brokers.

The Sydney firm was founded in February 2013 by directors Alex Nochar and Theo Chambers.

Advertisement
Advertisement

“We will expand the Shore Financial team to 40 young brokers by July this year,” Mr Chambers said.

Mr Chambers won the Editor’s Choice award at the NSW Better Business Awards last year and was a finalist in the Rising Star and Best Newcomer categories.

Shore Financial lodged $1,040,145,596 of loans during the firm's first year of trading and is forecast to lodge $1.5 billion in 2015.

The firm has grown during the past year from three staff to 20, largely due to a 15-year contract with Richardson & Wrench Real Estate to be their exclusive mortgage brokerage.

“We are growing so fast we had to ask our next door office neighbours if they would mind relocating so we could buy their office in order to expand our office size,” Mr Chambers said.

The average age of a broker at Shore Financial is 26 years old.

“Shore Financial prefers to recruit young novices because they are hungrier and more open-minded than existing brokers,” Mr Chambers said.

“Shore Financial’s growth will come from increasing broker numbers and supporting the brokers to maximise their efficiency,” he added.

In 2014, Shore Financial also opened an office in Melbourne with the success of exclusively securing a second real estate partner, Fletchers Real Estate, and looks forward to entering into a third real estate partnership and opening a Brisbane office soon.

New broker to double Sydney team after $1 billion year
mortgagebusiness

Latest News

The federal government has committed an additional $130 billion in support to protect jobs threatened by the economic fallout from the cor...

New government-led interventions in the housing market in response to the coronavirus outbreak are set to further hinder transaction activit...

The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...

FROM THE WEB
podcast

LATEST PODCAST: Further relief for SMEs and borrowers

Do you think Australia will move to quantitative easing this year?

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Mortgage Business.

Read more

Website Notifications

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