Aussie expands after "solid" year

"It’s thriving and showing no signs of slowing down," said the group's chief executive

Aussie expands after "solid" year


By Rebecca Pike

After the announcement it would demerge from Commonwealth Bank (CBA), Aussie Home Loans has announced it has expanded by opening 14 new stores in FY18, with ten more lined up for early FY19.

According to a statement, this financial year has seen more than 1,000 Aussie mortgage brokers settle a monthly average of over $1.5billion and set several new records for the brokerage, including achieving Aussie’s highest settlement year ever worth in excess of $18 billion and multiple record months in its franchise channel.

Chief executive of Aussie, James Symond, said as the mortgage broker goes from strength to strength with its current loan book approaching $65billion, Aussie was more focused than ever on finding the right broker business partners to join in its growth trajectory.

He said, “Aussie had an incredibly solid FY18, the strongest in our 26-year history. It’s amazing when you think that just over a decade ago we didn’t have a single store, and now it’s thriving and showing no signs of slowing down."

To continue and enable this growth, Aussie said it has been investing heavily behind the scenes to ensure its brokers and team members have the technology, systems, processes and support structures they need to meet, and exceed, changing customer, community and regulatory expectations.

Symond added, “Fourteen new Aussie stores opened their doors in FY18, and that’s exciting. Our record growth combined with the MFAA’s recent market share data showing borrowers continue to vote with their feet and use mortgage brokers as their preferred way to find a home loan highlights the future potential in this great industry.

“We are keen to find new franchisees looking to start, or grow, a small business with the backing of an industry leading brand. We have some very strong franchise territories available across the country, and are always looking for new mobile brokers to join the team."

Aussie has published a list of available retail territories on its website, with exciting opportunities offered in every state and territory.

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