[FBAA] FBAA Unity Sydney
- September 6, 2024
Dear Oxbridge Partners and Affiliates,
Since 2016, the FBAA has been at the forefront of mental health advocacy within the finance sector, championing
open dialogue and normalising conversations about personal and professional struggles. While fostering these discussions has been crucial, our experience over the past eight years has shown that meaningful progress requires more than talk—it demands actionable change.
Unity represents our next step in this journey: a celebration of the strides we’ve made and a call for concrete action.
At this event, we’ll bring together leading mental health and wellness experts who will equip you with practical tools and strategies to effectively manage and overcome challenges, both personally and professionally.
Seize this opportunity to be part of a transformative movement that turns conversations into actionable solutions.
Join us, learn from the experts, and be empowered to make a tangible difference in your own life and within the finance community.
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WHEN: Thursday 12th September 2024
TIME: 10am – 2pm
WHERE: Ecco Ristorante, St Georges Cres, Drummoyne
COST: Free for Members / Non-members $80
CATERING: Arrival Tea, Coffee and Morning Tea, Lunch
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WHY ATTEND?:
• Gain Practical Tools: Learn effective strategies from leading mental health and wellness experts to manage personal and professional challenges.
• Stay Informed: Stay at the forefront of mental health advocacy within the finance sector by engaging with cutting-edge insights.
• Empower Yourself: Equip yourself with knowledge and resources to make a tangible difference in your own life and workplace.
• Celebrate Progress: Join in recognizing the strides made in mental health awareness and contribute to the ongoing push for concrete action.
ABOUT THE MORTGAGE BROKERING BUSINESS
Mortgage Brokering is a phenomenal industry that offers truly passive income and the ability to build your book. The average income of mortgage brokers at Oxbridge is an impressive $188,046 (https://www.brokernews.com.au/news/breaking-news/how-much-do-australian-mortgage-brokers-earn-280893.aspx) whilst top brokers can earn over $2m a year often in passive income (https://www.afr.com/companies/financial-services/inside-the-unstoppable-rise-of-australia-s-mortgage-brokers-20240524-p5jg8b). The best thing about finance brokering is the TRUE PASSIVE INCOME. Oxbridge Training (www.oxbridge.training) offers individuals to obtain their certificate and diploma in mortgage brokering in a short amount of time. Very few professionals are qualified in both real estate and mortgage brokering. The key to a successful mortgage broking business are the leads. With over 5,500+ online listings and another 1,000 off market listings the Oxbridge Real Estate business side provides an excellent source of lead generation
Although the details around when and how brokers receive commission varies from lender to lender, generally speaking: Upfront commission: 0.65% (+GST) to 0.85% (+GST)
The upfront commission is the largest component of the commission. The broker receives this once your loan settles. Trail commission is what the broker receives every month for the life of the loan. Usually, this trail is set at 0.15%-0.40% per annum based on the remaining loan amount each year. To be clear, mortgage brokers don’t work for the banks, although there are some mortgage brokerages that are partly-owned by banks and larger lenders. Oxbridge is always 100% independent
Working on a typical loan size of $850,000 and writing 20 loans in the first year. The commission received by the broker would be
$750,000 (20 x 0.70% + 20* 0.45%) = $119,000 (upfront) + $76,500 (Trail) = $195,500
Top brokers in Australia (See https://www.mpamag.com/au/best-in-mortgage/top-100-brokers-2022/429801) receive well in excess each year of $3M upfront commission and at least 3x that in terms of trail commissions for the life of the loan. Several Oxbridge brokers are doing exceptionally well earning 6 figure income. Some Oxbridge members are dual qualified in mortgage brokering and real estate which is a huge competitive advantage in the market place. Trail commission is really true passive income
The Oxbridge Finance Team
