MoneyQuest acquires Citiwide Homeloans

By MoneyQuest
In Broker News, Media

Progressive mortgage broking franchise, MoneyQuest, is pleased to announce that it has today acquired the franchise business of Citiwide Homeloans.

MoneyQuest Managing Director and finance industry leader, Michael Russell, said he was excited with the opportunity to acquire the highly respected franchise group which has been mortgage broking for 28 years.

“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 Mr. Russell.

In the past 28 years, Citiwide Homeloans has helped thousands of homebuyers and investors to safely enter the property market and begin an exciting new phase in their lives.

“It’s been extremely satisfying to be able to have helped so many clients achieve their dreams through owning property. The job we do is an extremely important one given the emotional and financial impact we can have on the lives of our clients”, said Mr Marion.

Today the Citiwide brand is represented by a franchise group that cater for the needs of homebuyers and homeowners right across Victoria.

Mr Marion said, “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.

Mr Russell said that he intends to operate the Citiwide franchise alongside the MoneyQuest franchise almost akin to having two restaurants and one kitchen.

“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 Mr Russell.


For further information or to arrange an interview, please contact:
Julie Ryburn
General Manager – Operations
(03) 8616 9377

Michael Russell
Managing Director
(03) 9583 6598

About MoneyQuest
Established in 2007, MoneyQuest was founded with a clear goal – to make property ownership easy and rewarding for everyday Australians. Since then, our growing team of brokers has helped thousands of families and investors build their financial future – from first home ownership right through to retirement.
Visit www.moneyquest.com.au or call 1300 886 100. Money Quest Australia Pty Ltd is a Credit Representative (No. 396857) of ratesonline.com.au Pty Ltd, Australian Credit Licence 384404.

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