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CB Richard Ellis (CBRE) has extended its Residential Mortgage Valuations business to Victoria.
The move adds to CBRE’s national residential valuation network, which now boasts 100 per cent coverage of all mainland metropolitan areas (excluding Darwin).
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There are 15 offices in total, comprising Brisbane South, Brisbane North, Ipswich, Gold Coast, Tweed Heads, Sunshine Coast, Newcastle, Parramatta, Camden, Melbourne, Adelaide, Canberra, Perth, Mandurah and Bussleton.
The extension follows CBRE’s acquisition last year of two highly regarded Sydney mortgage valuation businesses, Russell & Fairfax and E. F. Hoskin & Associates as well as Peter Fallon’s business AGS Property in Newcastle.
“Residential mortgage valuations are a rapidly growing area of our business and we see significant opportunities to grow our platform in Victoria,” CBRE’s regional director of mortgage valuations for Australia & New Zealand Tom Edwards said.
“Increasingly, lenders in Australia are looking to reduce the number of firms on their valuation panels and they are showing a clear leaning towards those businesses that can offer wider geographic coverage. By augmenting our current market coverage with operations in Victoria we will consolidate our position as a national supplier of choice in mortgage services.”
