Mortgage brokers fill the void left by branch closures
Managing Director of national broking franchise, MoneyQuest, Michael Russell, has reinforced the critical role played by mortgage brokers in servicing consumers right across metro, regional and rural communities.
Mr Russell said, “Since 1993, Australia’s population has grown by 29% yet bank branch numbers have fallen in response by 21%.
From a peak of 7,064 in 1993, branch numbers sit at just 5,561 today with 255 closures alone since 1st July last year. That’s an average of 15 branch closures each and every month”.
Fortunately for homebuyers across the country, local mortgage brokers have stepped in to fill the void.
“MoneyQuest is proud to be part of an industry of national finance professionals who provide a service to customers and care greatly for their wellbeing.
We cherish the concept of customers for life and are always available long after we assist in putting the finance in place.” said Mr Russell.