Brokers' surge in settlements leads to expansion

by AB06 Jan 2015
A strong surge in demand in Townsville has prompted one brokerage to open a new storefront.

Aussie Home Loans brokers Jim Breen and Eric Longmuir, principals of Aussie Townsville, said a 31% increase in settlements has seen the pair open a new storefront. Their first store, located at Domain Central, settled more than 375 home loans worth more than $105m in 2014. Breen and Longmuir said the result was a 31% increase on 2013’s settlements.

Breen and Longmuir said demand had continued to surge, with the store writing more than 200 home loans this financial year, the fifth largest for Aussie Home Loans nationally.

“The last 12 to 18 months have seen our business grow dramatically as more and more borrwers seek expert advice on their home loans,” Breen said. “Opening a second store was necessary to back this demand while continuing to provide the community with the level of customer service we need to deliver to be consistent with the Aussie brand promise.”

The pair will open their second store on Sturt St in Townsville City.

“Our Townsville City store will be manned by up to seven expert mortgage brokers, which brings us to a total of 14 mortgage brokers servicing Townsville and the surrounding areas from down south to Bowen, north to Cardwell and west to Mt Isa,” Breen said.

COMMENTS

  • by Vic Regional Broker 6/01/2015 4:16:14 PM

    Do the maths add up ??? , if they write 400 loans par annum and have 14 Brokers , that is 28 loans per broker per annum??
    How are they going to make a living ??