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Aussie smashes settlement record

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The Adviser

Staff Reporter

Aussie has managed to achieve its biggest settlement day since it began keeping computerised records.

On June 30, the brokerage managed to increase its settlements by a staggering 42.8 per cent on the same day last year and grew by 10.27 per cent on the previous biggest settlement day back in March 2010.

“To be honest I think it’s our best result ever, but we can only claim it as far back as our current computerised records, without digging through paper-based archives,” Aussie’s executive director James Symond said.

“The team has worked hard to achieve this result which is a culmination of a number of factors.

“The public seems to be responding to our ‘Smart to Ask’ campaign, and we have had a successful broker recruitment campaign as well. But more tellingly, it may indicate growing confidence in the market after the most recent consecutive monthly rate cuts by most lenders.”

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