08 April 2021|2 minute read
Australia’s leading mortgage broker, Aussie, has accelerated its national recruitment drive following record lending volumes achieved in March, 2021, worth about $2 billion in settlements and about $3 billion in lodgements of loan applications.
The very strong growth in lending is expected to see Aussie reach $10 billion in loan settlements for the first six months of the 2021 calendar year.
The growth in lending has been led by owner occupiers with 35.3 per cent of the volumes, followed by refinancers (25.6 per cent), with first home buyers lifting their share to 22.2 per cent, while investors remaining flat with a 16 per cent share.
As a result of the record volumes, Aussie has boosted its recruitment drive of mortgage brokers, who have grown in number by 188 in the financial year to March 31, 2021, - up almost 70 per cent compared with the previous corresponding period.
Meanwhile, Aussie is on track to open 24 stores to a total of 244 over the 2021 calendar year, following a doubling of store openings in the financial year to date compared with 2020.
Aussie CEO, James Symond said, “We are looking to expand our successful retail network to cope with the higher demand for home loans amid the record low interest rates, with owner-occupiers and refinancers the most prolific in their activity.
“We are seeking new brokers, not necessarily with a finance background, who are customer driven with face-to-face service either through our network of stores or in the field”, he added.
Aussie remains on track to reach 300 stores and 1,250 brokers by 2023, while enhancing its digital offering, to provide a comprehensive service offering to every category of borrower.
Mr Symond concluded, “The low rates, real estate price growth and heavy competition amongst lenders has created unprecedented demand for expert home loan advice from our brokers and we expect lending volumes will continue to grow throughout 2021.”
Aussie was founded in 1992 by John Symond and was widely credited for bringing competition to the Australian home lending industry. For nearly 30 years, Aussie Brokers have put progress within reach of more Australians, helping 1.5 million customers with their home loan. Today, Aussie has the largest retail footprint of any mortgage broker brand in Australia.