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James Mitchell
The majority of brokers are bullish about the potential to grow their business in the coming months, in spite of growing negativity about the property market, new research has revealed.
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According to The Adviser’s latest sentiment survey 45 per cent of brokers expect to see growth in the coming quarter – an increase of 9.4 per cent on the previous quarter.
Only 16 per cent are braced for a contraction in business while 39 per cent expect business to remain steady.
Tony Bice, director of Finance made Easy is confident that there is good scope for growth regardless of current market uncertainty.
“There’s a lot of doom and gloom around at the moment but this is just noise. I’m busy right now and I expect to see my business continue to grow in the near future.
“There are still plenty of buyers out there. It may be taking a little longer for people to make decisions but there will always be people out there looking to borrow money for property.
Mr Bice highlighted refinancing as one market segment that represents the greatest opportunity for brokers.
“There’s lots of borrowers looking for a sharper rate and there is strong competition amongst lenders. The banks are very aggressive right now when it comes to refinancing.
“There are also plenty of investors that are eying the market right now and I’m seeing plenty of business from this sector."
