Resi unveils ambitious branch growth plan

by Caroline Dann30 Aug 2012

Resi has revealed its future growth plan after reporting an expansion of its franchise network.

CEO Lisa Montgomery told Australian Broker Online Resi had opened eight franchise offices nation-wide since November 2011, bringing the total to 25.

The eight offices included new branches in Sydney, Melbourne, Adelaide, Brisbane and Canberra.

Montgomery said Resi hoped to reach 30 franchises by December 2012.

 “Our numbers will be determined by the level of interest in each state - and also the quality of candidates. Currently interest is at a high level and we would hope to move past 30 by the end of the year.”

Non-bank lenders have struggled since the global financial crisis to maintain market share amid competitive pricing from the major banks, but Montgomery is optimistic about their future.
“It’s an exciting time for our industry to be able to capitalise on opportunities in this new lending paradigm,” she said.