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The mortgage manager has opened its first branches in Queensland, with three new franchises opening.
Rate Money has opened its first branches in Queensland, with three offices opening in the Sunshine State.
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The mortgage manager has seen branches open in the past few months in Aspley (led by franchise owner Nicole Palazzi), Fortitude Valley (led by franchise owner Sida Song), and Logan (led by franchise owner Julie Lawrence).
The move marks Rate Money’s first expansion into Queensland, as it eyes growth in the $156 billion Queensland home loan market.
The company said that Queensland had been seeing significant activity in the last year, highlighting that there had been a surge in construction (particularly in the sub-$1.5 million market).
Commenting on the three new branches opening, Rate Money CEO Ryan Gair said: “Our entry into Queensland is a significant milestone for Rate Money, and we’re incredibly proud to welcome Julie, Nicole, Sida, and their teams to the Rate Money crew.
“These franchisees bring decades of experience in the lending industry and a deep understanding of the needs of self-employed borrowers. They are seasoned professionals who have successfully run their own businesses, and their expertise will be invaluable as we continue to grow in this vibrant market.
“We’re proud to be evolving the lending landscape.”
Gair said that the mortgage manager continues to attract franchisees with its no clawback and risk policies, as well as its growing product line for self-employed borrowers.
The business has written a total of $8 billion in loans since opening in 2019, with more than half of that settled in the last two years.
“[T]his is just the beginning,” the CEO said.
“We will continue to evolve and are committed to offering more innovative products and services that meet the unique needs of our customers.”
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