Australia’s leading mortgage broker, Aussie Home Loans, is ramping up its expansion in Western Australia as the value of dwellings in the state bounced by 0.5 per cent last month, according to CoreLogic RP Data.
Executive Chairman of Aussie, Mr John Symond, will be opening two new Aussie stores on October 20, 2015, at Mt Lawley and Cockburn to take advantage of the reported turnaround in the Perth property market.
He said “We’ve always taken the view that the time for our company, as well as investors, to invest is when markets have been a bit weaker so that we are well positioned to capture the early stages of the growth when the market turns, which it inevitably will.
“In fact, I believe we are already seeing growth in some areas of the market, particularly along the Swan River and southern corridor, as a range of apartment developments are currently underway, attracting young couples and families.
“The upside to the continuing softness in some parts of the state’s property markets is that buyers have a wide range of choices and can take advantage of the historically low interest rates,” he added.
Aussie continues to post record lending levels in Western Australia, with home loan volumes in the first quarter of the financial year the strongest the mortgage broker has seen at $417 million, and the latest store openings lift the number of Aussie stores across the state to 21.
Off the back of this growth Aussie also plans to open an additional three WA stores over the next 12 months and is seeking finance professionals to become franchisees/store owners or to work as mortgage brokers. The Aussie Group posted a record $20 billion in home loan settlements nationally last financial year.
Mr Symond said “We have very ambitious growth targets again in the current year and are keen to lift our market share of home loans in Western Australia through both our retail and mobile broker channels.”
Aussie now has almost 180 stores across Australia and more than 1,050 mortgage brokers, servicing borrowers who are looking to take advantage of the current historically low interest rates.
Mr Symond concluded “We are continuing to invest heavily in technology and customer service to improve the customer experience and our own productivity, so we can continue to deliver the best customer service proposition possible to our customers.”
For more information about a career with Aussie, visit www.aussie.com.au/careers.