Despite a slow housing market and a sluggish economy, Aussie Home Loans has achieved its best ever January results, with national settlement figures for January up by 12% on last year and first half FY13 up by 14% over last year.
WA had a particularly good month, with a massive growth of 71% on last year. This represents growth of 35% in the first six months. VIC was up 20% for January and SA was up 10% for January and 18% for the first half.
Aussie’s executive director, James Symond, says that, on average, each Aussie store is settling more than $4 million every month and broker productivity is increasing.
“Aussie’s recent success can be attributed to a number of factors, including broker recruitment, franchise expansion, productivity improvements and the power of the Aussie brand in conjunction with a successful marketing campaign. The overall national growth figures indicate consumers’ eagerness to move away from direct dealings with the major lenders and to embrace our philosophy that it is smart to ask if there’s a better loan out there.”
The franchise broker says it’s feeling confident for the remainder of this financial year, with forecasts showing growth settlement volumes at three to four times the market rate - and it expects to achieve double digit portfolio growth.
“We are always looking for new and existing brokers to join the Aussie team and share in this success.”