The Australian mortgage industry is a trillion dollar market (the estimated amount owing on all the mortgages currently on issue) and even though the global financial crisis has slowed down property sales, all the signs are telling us that the housing market could be one of the first and fastest to recover.

These indicators include low interest rates, softer property prices, strong incentives from Government in the form of First Home Owner’s Grant and reductions in stamp duty for first home buyers in several States.

It is also important to note that the role of the Mortgage Broker is becoming more important in Australia every year. The emergence (a decade ago) of specialist mortgage providers who successfully challenged the banks’ stranglehold on mortgages certainly made home loans more competitive, but they also made it harder to compare and choose between them.

This is the upside of your job. As a Mortgage Broker under the Citiwide banner, you will be offering your clients a service they want: expert advice to help them find and negotiate the best mortgage deal for their needs. This is why the number of mortgages written by independent Brokers has doubled since 2002 and currently stands at more than 40% of the market. (*Source: MFAA/BankWest Home Finance Survey).

In fact, this is an outstanding time to enter the Mortgage Broking industry. The reason: more than 40% of Brokers are currently aged 48-63 and many will be retiring in the next few years. You can be part of the next generation that takes their place in this $240 billion a year industry.

Low entry costs

The entry costs to become a Citiwide franchisee are surprisingly low compared to many other franchise systems. Overheads are minimal and there’s no stock, invoices or bad debts to deal with.

As a Citiwide franchisee you have the potential to be as successful as you want to be. You’ll get paid both an upfront commission and trailing income on the ongoing value of your loan book.

Citiwide offers a unique commission structure which increases as your business grows. It gives you a real opportunity to build a business rather than just buy yourself a job.

For more information on how to get into a Citiwide franchise, please phone our Franchise Development Manager on 1300 732 630 or enquire online here.

Flexible business model

The Citiwide franchise system was designed to let you start small and grow at your own pace. Most likely you will be starting by working from home or a shared office with a professional such as an Accountant. 

As you hone your skills and build your business, you may then consider employing one or more loan writers. Whichever way you decide to go, we will support you at every step of the way because your success will play a vital part in the strength of the Citiwide Group as a whole.

Performance based rewards

There are no limits to your earning capacity. In fact our commission model is designed to reward high performance both on the new loans that you write (upfront commission) and the growing size of your loan book (trailing income).

A franchisee’s share of commissions under a Citiwide franchise is one of the highest in the industry.