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Loan Market settles record volumes

by Staff Reporter10 minute read
The Adviser

Staff Reporter

Proving the property market is anything but flat, one brokerage has recorded its strongest monthly result since the Global Financial Crisis.

Yesterday, Loan Market Group reported that its Queensland settlements were up 62 per cent on this time last year.

“July has proven to be a winner for the Loan Market Queensland team, heralding what we hope will be a great 12 months for the Sunshine State,” Queensland state manager Andrew White said.

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“Our team has celebrated its best application month since the GFC. We are ecstatic to see such a great result in July as traditionally July is a solid month for new business, but usually not a record breaker.

"We generally have our strongest months in March, October and November, so to see such strong activity in July is highly encouraging.

“The 62 per cent growth in settlements on July, 2011, gives us real satisfaction, seeing our brokers forging ahead and delivering exceptional outcomes to more clients is very pleasing."

Loan Market also launched its Queensland Broker Academy at a grand opening in Brisbane last month.

Mr White said the academy at inner suburban Newstead was an exciting development for Loan Market in Queensland and more than 60 brokers had graduated from the two-year training program nationwide.

“It’s a tremendous development for Loan Market to have our own broker academy program and facility here in Brisbane,” he said.

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