Login
ISCOVER
Aussie Home Loans has opened a second Townsville store after the first branch established itself as one of the best in the country.
Jim Breen and Eric Longmuir, who have owned the Domain Central, Garbutt store since 2006, opened the new Townsville City store on November 24.
Domain Central posted a 31 per cent year-on-year jump in its volumes in 2014 after settling more than 375 home loans worth more than $105 million, according to Aussie.
The store has written more than 200 home loans this financial year – the fifth-highest number in the Aussie network.
Mr Breen said that strong growth prompted him and his business partner to add another store.
"With interest rates at record lows and lenders being increasingly competitive to win business, it's an exciting time for borrowers and the mortgage broking industry," Mr Breen said.
Mr Longmuir told The Adviser that Townsville residents remain confident about the property market.
"Certainly, the present Townsville property market favours the buyer, given property prices and interest rates," he said.
The new Aussie store will be manned by up to seven brokers, making a total of 14 for Townsville and the surrounding region.
[Related: Productivity improvements help drive record results]
