Mortgage manager offers investment properties

by AB09 Jul 2014

A mortgage manager has launched a range of independently graded investment properties for brokers and their clients.

Australian Capital Home Loans has announced its sister company, Australian Capital Property, has launched a range of properties for brokers and their customers, including partments, townhouses, villas and house and land packages. The company said the properties had been independently graded and valued by Propell National Valuers.

“As the properties are independently graded and valued, our customers can avoid properties that are over-priced to account for massively inflated sales commissions and the like,” Australian Capital managing director Barry Parker said.

While concerns have been raised on the Australian Broker Online forums about brokers being involved in property advice and working to avoid so-called “spruikers”, but Parker claimed the properties were “not selected on the size of the commission, but rather on the quality of the asset”.

“We decided to offer these investment properties because we were becoming increasingly worried about the integrity of investment properties that paid huge commissions to salespeople,” Parker said.

Parker said brokers who put clients into the properties would receive a standard real estate commission.