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Growing consumer sentiment and low interest rates have helped one aggregation group settle record volumes.
Speaking to The Adviser, Vow’s chief executive, Tim Brown, said the aggregator has enjoyed record settlements over the past three months, with volumes up 39 per cent on the same period in the year before.
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“Consumer sentiment is improving, as such, volumes are also on the rise,” he said.
“But it can’t just be attributed to improving sentiment. It really is a combination of sentiment, lower interest rates and increasing competition between the lenders.
“Some states are seeing such a high level of activity that auction clearance rates are now sitting above 80 per cent, which is a really positive sign for the property market.”
Mr Brown said there are now plenty of opportunities for brokers, especially those who choose to diversify their core offering.
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