Aussie claims 80% take up by Wizard franchisees

Following yesterday's ruling by the ACCC endorsing the Aussie/Wizard refinancing agreement, Aussie says 80% of Wizard franchisees are now operating under its banner.

The broker said it was now writing $2bn worth of loans a month due to the addition of 111 Wizard franchisees to a distribution network made up of over 140 outlets in city and regional areas and more than 800 mortgage advisers nationally.

Executive chairman of Aussie, John Symond, said "The acquisition of Wizard, as well as strong first home owner demand, have significantly accelerated Aussie's lending volumes to record levels and we are actively seeking opportunities to expand further."

Symond said Aussie was now in a stronger position to take the fight up to its bank competitors.

The Aussie loan book is worth in excess of $30bn.
 
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ACCC permits Aussie/Wizard refinancing deal