Investor growth is encouragement to become a mortgage broker
Have you been considering a change in career for a while? If you've been involved in the finance or real estate industries before, becoming a mortgage broker might be the best next step. You'll already have a basic understanding of the inner workings of the industry, so making the move with Red Rock Brokers won't be too far out of your comfort zone.
Current investor activity in the Australian market is on a promising upward trend, which is great news for anyone already involved in the mortgage broking industry. The more people buying homes (who need loans), the more potential customers you'll have, and the more successful your business will be. Nobody wants to start operating when there's no demand for your service!
How are investors buying at the moment?
Demand from the investor segment of the real estate market continues to surge, according to research from CoreLogic RP Data, reported on March 20. In January alone, investors committed to $13.8 billion in finance for investment homes. That's a staggering amount, even across the whole country, and it shows that no matter the median dwelling value, investors still see strength in the Australian market. Further proof of the surge is in the fact that $13.8 billion was up 4.2 per cent on the December 2016 total, and 27.5 per cent up on a year earlier. That's the largest year-to-year increase since August 2014.
Across the five largest capital cities, the median dwelling value is $814,830, according to the CoreLogic monthly indices to the end of February. That has risen by 11.72 per cent over the past 12 months. Even in the face of enormous growth, investors are still committing to housing finance.
How could this help your mortgage broker career?
When you start in the mortgage broking industry with Red Rock Brokers, you'll have a mentor available to support you with any questions that come up. You'll also have all the required training to be a success, and to operate on your own.
However, you'll still need customers. While investor activity surges, you could take advantage of the opportunities to pick up new business before competitors do. There are 6,850 mortgage brokers in Australia, according to IBISWorld, so setting yourself apart from the crowd is vital to your success.
To begin your mortgage broker career while the investor market is hot, make sure you contact Red Rock Brokers today.