Young, new brokerage hits one billion in loans

by Julia Corderoy13 Jan 2015
New broker group Shore Financial wrote over $1 billion in mortgages in only its second year of trading in 2014 and has revealed big plans for the year ahead.

The Sydney firm – founded in February 2013 – is now hoping to crack $1.5 billion by the end of the 2015-year. Founding director Theo Chambers says the firm will be launching a recruitment drive which should see them hit their target. 

“We will expand the Shore Financial team to 40 young brokers by July this year,” Chambers said. The firm grew from three staff to 20 in its first year, off the back of securing a 15 year contract with Richardson & Wrench Real Estate to be their exclusive mortgage brokerage.

A fierce advocate for fostering young talent in the industry, Chambers says the average age of their brokers is 26 years old.

“Shore Financial prefers to recruit young novices because they are hungrier and more open-minded than existing brokers. Shore Financial’s growth will come from increasing broker numbers and supporting the brokers to maximise their efficiency.”

In 2014 Shore Financial also opened an office in Melbourne with the success of exclusively securing a second real estate partner, Fletchers Real Estate and has also announced entering into a third real estate partnership and opening a Brisbane office soon.