MoneyQuest has acquired a franchise group with a 28 year history in mortgage broking... City properties grow 1100% since 1980...
MoneyQuest has acquired franchise brokerage Citiwide Homeloans, which has been operating in the mortgage space for 28 years.
MoneyQuest managing director and finance industry leader, Michael Russell, said he was excited with the opportunity to acquire the highly respected franchise group.
“Patrick Marion and his team have done a magnificent job and have every right to feel very proud of the business they have created. We are absolutely thrilled to have acquired a business I have admired and respected for so many years. Patrick’s personal contribution to the industry has been enormous since he started the business back in 1988”, said Russell.
“In making the decision to sell the business, I wanted to make sure the interests of our franchise network and clients would always be best served and I am delighted to be able to pass on the business to someone of Michael’s industry experience and care," Marion said.
“Both brands have high credibility and currency and we are looking forward to sharing best practices to further enhance the operating efficiencies of both franchises and delivering an even better customer experience” said Russell.
City properties grow 1100% since 1980
House prices in Sydney and Melbourne have grown by as much as 1,400% and 1,600% respectively over the last 20 years, according to new analysis done by News Corp Australia.
Furthermore, house prices in all major capital cities across Australia have all increased at least 1,100% since 1980.
The Real Institute of Australia (REIA) reports that anybody who bought and held a property in any Australian capital cities 20 years ago, has already doubled their money several times over.
For REIA president Neville Sanders, this new research highlights the fact that property investing is ideally a long-term proposition.
“Property is a long-term investment – it’s not about buying now and selling in two or three years to take a profit. Some do that if they hit the right cycle at the right time, but it’s luck,” he said.
(Your Investment Property)
MoneyQuest managing director and finance industry leader, Michael Russell, said he was excited with the opportunity to acquire the highly respected franchise group.
“Patrick Marion and his team have done a magnificent job and have every right to feel very proud of the business they have created. We are absolutely thrilled to have acquired a business I have admired and respected for so many years. Patrick’s personal contribution to the industry has been enormous since he started the business back in 1988”, said Russell.
“In making the decision to sell the business, I wanted to make sure the interests of our franchise network and clients would always be best served and I am delighted to be able to pass on the business to someone of Michael’s industry experience and care," Marion said.
“Both brands have high credibility and currency and we are looking forward to sharing best practices to further enhance the operating efficiencies of both franchises and delivering an even better customer experience” said Russell.
City properties grow 1100% since 1980
House prices in Sydney and Melbourne have grown by as much as 1,400% and 1,600% respectively over the last 20 years, according to new analysis done by News Corp Australia.
Furthermore, house prices in all major capital cities across Australia have all increased at least 1,100% since 1980.
The Real Institute of Australia (REIA) reports that anybody who bought and held a property in any Australian capital cities 20 years ago, has already doubled their money several times over.
For REIA president Neville Sanders, this new research highlights the fact that property investing is ideally a long-term proposition.
“Property is a long-term investment – it’s not about buying now and selling in two or three years to take a profit. Some do that if they hit the right cycle at the right time, but it’s luck,” he said.
(Your Investment Property)
