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ISCOVER
Staff Reporter
Despite a slow housing market and a sluggish economy, one brokerage has achieved its best-ever January result.
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Late last week, Aussie revealed it had lifted its January figures by 12 per cent in comparison with the year before.
While the company performed well nationally, WA had a stellar month, with a massive growth of 71 per cent on last year. This represents growth of 35 per cent in the first six months.
Victoria was up 20 per cent for January, while South Australia was up 10 per cent for January and 18 per cent for the first half.
“Our results are more than pleasing,” Aussie executive director James Symond said. “On average each of our Aussie stores is settling more than $4 million every month and broker productivity is increasing.
“Aussie’s recent success can be attributed to a number of factors, including broker recruitment, franchise expansion, productivity improvements and the power of the Aussie brand in conjunction with a successful marketing campaign.
“Aussie has focused on growth, opening numerous new franchise stores in the last year. The overall national growth figures indicate consumers’ eagerness to move away from direct dealings with the major lenders and to embrace our philosophy that it is smart to ask if there’s a better loan out there.”
Aussie is feeling confident for the remainder of this financial year, with forecasts showing growth settlement volumes at three to four times the market rate, and it expects to achieve double digit portfolio growth.”
