14 September 2012 6:47am
Goldfields Money is targeting new loans whose average size is in the A$500,000 to A$750,000 range – or roughly twice the size of the average home loan originated in Australia.
Goldfields aims to source most of these loans from Perth.
The Kalgoorlie-based deposit-taking entity, which demutualised earlier this year, aims to write $91 million in new loans over the next two years, according to a report on the firm published this week by Patersons Securities.
Patersons was the sponsoring broker of Goldfields' sale of $9 million in shares and its ASX listing.