Mortgage broker N1 Holdings has moved into the real estate business, with the purchase of Sydney Boutique Property.N1, which listed on the Australian Securities Exchange in March, announced that it had entered into an agreement to buy the "blue chip" Sydney real estate agency and expected the deal to be competed within a couple of weeks.N1 said its strategy has been to move into real estate sales and management to complement its broking activities. It launched a business called N1 Realty in July.The company generates most of its business dealing with Asian buyers and Asian immigrants. It operates a Chinese language website, chengdai.com.au, and an English language website, loanrobot.com.au.N1's 2015/16 financial report shows that the company made a loss of $964,181 on revenue of $3.4 million.