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Staff Reporter
The growth and productivity of Australia’s leading broking groups is set to be showcased once again in the annual Top 25 Brokerage ranking, with entries officially opening today.
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The highly anticipated report will reveal just which broking groups are excelling, despite flat property market conditions and limited lending activity in many corners of the market.
Due for publication in the July issue of The Adviser, the 2012 Top 25 Brokerages ranking is partnered by non-major heavyweight Citibank and Australia’s leading independent provider of property information RP Data.
The results of the 2012 ranking will be of particular interest to the home loan distribution industry according to RP Data chief executive Graham Mirabito.
“Over the past 12 months it’s been very challenging for the industry with Australian residential property market transactions down 15 per cent and mortgage volumes down 20 per cent driven by falling property values, lower consumer confidence and rising costs of funds,” Mr Mirabito said.
“But there is always opportunity, and as a result of these challenges, the 2012 Top 25 Brokerages report will reveal the industry’s leading broker groups and the practices they employ not only to overcome obstacles, but use them to their advantage.”
The Adviser’s Top 25 Brokerage report will act as benchmark for the third-party distribution channel, highlighting what it takes to be a successful even in a challenging market, Citibank head of mortgages Vibha Coburn said.
“Having an industry benchmark or league table is something we consider of the upmost importance,” Ms Coburn said.
“Not only will The Adviser’s 2012 Top 25 Brokerage report allow for the industry’s leading brokerage groups to receive the recognition they deserve, but it will also show what it takes to be a successful brokerage in today’s market.”
Entrants in the Top 25 will be rated across a range of criteria including conversion rates, online lodgements, average loan volumes per writer and broker support.
The Adviser publisher Jim Hall believes this year’s ranking will reveal just which groups showcase perseverance, performance and an ability to adapt to the challenges at hand.
“Never before has it been so important to provide a complete client service,” Mr Hall said.
“Australia’s leading brokerages have been able to adapt to challenging property market and economic conditions and we are likely to see some interesting trends in terms of diversifications of product offerings and exploration of new markets.”
Entries for the Top 25 Brokerages close on 8 May 2012.
To enter your brokerage click here now, or further information call Jim Hall on 02 9922 3300.
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