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October has proved to be one of the best months on record for loan writing, with Aussie breaking the $2 billion mark.
Home loans lodged with the brokerage during October through its three distribution channels – mortgage brokers, retail outlets and aggregator subsidiary nMB – have totalled $2.1 billion, the group said.
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According to chairman and founder John Symond, the group’s 150 retail stores across city and country areas alone broke through the $1 billion milestone.
“This result is due to the hard work of the entire Aussie Group, and demonstrates that volumes are returning to a more healthy market condition as buyers take advantage of low interest rates,” Mr Symond said.
The $2.1 billion group result for the month represents a 22.1 per cent lift above October 2012, and follows an impressive result from AFG announced earlier this week.
After the stellar result, Mr Symond announced a new expansion drive, with the group targeting real estate and finance executives to become mobile brokers and franchisees of new stores.
“We’ve seen substantial growth across our three distribution channels and are keen to find new brokers and franchisees to join our successful and winning team”, said John Symond.
“All three of our distribution channels are firing and we see no reason for our growth to slow, as interest rates continue to bump along the bottom and our operations are becoming more efficient and effective in servicing our new and existing customers.”
