What type of broker are you?
Before you rush off to print business cards or lease office space, you need to know what you enjoy about being a broker, what you don’t like and what value you can actually provide to your customers. In our article, we have a look at the three different types of brokers (which are by no […]
Understanding your contract
Planning a new career as a self-employed broker is an exciting time. But it’s worth taking a look at your employment contract before handing in your resignation letter. Particularly if you’re planning to live off your trail income. It’s easy to forget the contractual obligations you may have with your existing brokerage as you plan […]
The three core principles of a successful broking business
Jason Back knows a thing or two about running a successful business. After growing the Australian Lending and Investment Centre (ALIC) into one of the highest performing independent brokerages in the country, he founded the multi-award-winning mentoring business Broker Essentials. Today, Jason helps brokers across Australia establish the right systems, processes, and mindset to achieve […]
Hear from one of our rising stars
Grant Arbuckle, 31, established GA Finance in 2019 in Melbourne, Victoria, as a new broker to the industry. Before starting GA Finance, Grant worked as a Business Development Manager for eight years, before making the switch: “I made the move into finance and mortgage broking because I wanted to work one-on-one with customers at a […]
As expected, RBA cash rate remains unchanged for March
As widely expected, the RBA board confirmed today that the official cash rate would again remain at 0.10%. With inflation now within its target band of 2-3%, markets have been speculating the RBA will increase rates as early as June this year. The Central Bank will be closely monitoring for any signs of additional inflationary […]
Commercial lending: the basics
If there was ever a time for residential mortgage brokers to add a commercial arm to their business, it’s now. As traditional and non-bank lenders battle for shares of the $347 billion business loan market, the proverbial doors have opened for brokers that can offer business customers a range of lender options, structured deals and […]
3 key reasons to expand into commercial lending
In this blog we look at three key reasons why expanding into commercial broking makes good business sense. Reason 1: To create a consistent income stream Diversifying into commercial lending is a natural hedge to ensure a consistent stream of income during flat periods in residential lending. Reason 2: To fulfil a need in the […]
Getting started with commercial lending in six easy steps
Becoming an experienced commercial broker doesn’t happen overnight. Like entering any new market, it takes time, patience and ambition to succeed. But it is possible to manage alongside the needs of your residential business – provided you have a strong plan, the right information and tools, and the right partners. If you were to break […]
HY22 AFG reports strong growth and continued earnings diversification
AFG (ASX:AFG) today announces a stellar start to the 2022 financial year, recording 20 per cent NPAT growth for the half, further emphasising the success of the company’s ongoing diversification strategy across business lines and asset classes. The result follows a record financial performance in FY21 with 35 per cent growth in NPAT over FY20. […]
What do the top referral partners look for?
Above all, they want to know how a broker will complement their business. While some referral partners – for example Agri Consultants – may require specific expertise, generally referral partners are looking for: A trusted partner: If a partner is handing over their client, they need to trust you will treat them well and get […]
