Andrea Francioli

Review of Momentum Wealth

I have been a client of Momentum Wealth since 2010...

I have been a client of Momentum Wealth since 2010 (Buyer's agents, Finance and Property management departments), and over the last two years they have managed a 6 unit development for me. I had no previous experience in Property Development and their expert advice during the initial feasibility and planning stages was really valuable. Obtaining finance was quite difficult and took quite a lot longer than expected, but thanks to their perseverance and contacts in the industry they were able to find me a really good loan that saved me a lot on interest. During construction they regularly monitored progress, always keeping me informed and handling negotiations with the builder very effectively. Most importantly they were able to keep additional costs to a minimum. The development and property management teams started working together effectively towards the end of the development in order to start advertising for tenants as soon as possible. The development team also handled the final negotiations with the builder very effectively, and their experience in finding defects during the final inspection (and pushing to get them fixed promptly) was invaluable. Their understanding of the titling process was another important factor that helped save time. Unfortunately some of the people who handled my project have now left Momentum, but I would like to commend Kate, Kelly and Zac who handled the last stages very effectively, even though there was a staff shortage at the time and they were quite overloaded with work. They are still following up a few loose ends and will be handling negotiations with the builder if any defects are detected within the first six months after completion.