Rate Money enters the Queensland home-loan market
Rate Money, Australia’s home for the self-employed, is excited to announce its expansion into the $156 billion[1] Queensland home loan market with the opening of three branches in Aspley, Fortitude Valley and Logan, marking its entry into the Sunshine State.
Rate Money, CEO, Ryan Gair said, "Our entry into Queensland is a significant milestone for Rate Money, and we're incredibly proud to welcome Julie, Nicole, Sida, and their teams to the Rate Money crew. These franchisees bring decades of experience in the lending industry and a deep understanding of the needs of self-employed borrowers. They are seasoned professionals who have successfully run their own businesses, and their expertise will be invaluable as we continue to grow in this vibrant market.
“We’re proud to be evolving the lending landscape. Our latest product offerings, including our one-year tax return product and Elevate easy doc construction product, demonstrate our commitment to providing flexible and accessible lending solutions to meet the needs of the hardworking 300,000[2] strong self-employed Queensland workforce.”
Rate Money’s expansion into Queensland comes at a time when the state is experiencing a surge in construction, particularly in the sub $1.5 million segment, which is a key area of focus for the new branches.
“Our no clawback and no risk fees policies will be crucial in providing certainty for our Queensland self-employed heroes coupled with our award-setting standards for customer service.” Mr Gair said.
All three branches are now open and ready for business, with Rate Money poised to make a significant impact in Queensland.
“We recently achieved a significant milestone in our growth journey, with $8 billion in loans written since inception in 2019, with $4.5 billion achieved in just the past 24 months. But this is just the beginning. We will continue to evolve and are committed to offering more innovative products and services that meet the unique needs of our customers," added Mr Gair.
As an award-winning home loan provider specialising in self-employed lending, Rate Money has achieved remarkable success with a widespread presence spanning 38 franchises nationwide. Settling over $8 billion in settlements in just under five years, Rate Money stands out for its market-leading product innovations, particularly in eliminating clawbacks, application fees, valuation fees and risk fees for self-employed Alt doc customers.
[1] The MFAA Industry Intelligence Service 16th edition Report. 2023. Accessed on 20 August 2024
[2] Australian Bureau of Statistics, 8165.0 Counts of Australian Businesses, including Entries and Exits July 2019 to June 2023, released 18 December 2023. Accessed on 20 August 2024
