Aussie Home Loans has revealed that it plans to significantly boost its presence in Queensland following strong growth in the sunshine state during the 2018 financial year.
According to the broker franchise, its Queensland market share grew year-on-year with the value of loans settled totalling $3.6 billion.
Chief executive officer James Symond commented: “We are building momentum in Queensland especially with first home buyers and upgraders. In a shifting market, savvy borrowers are looking for expert guidance on their home loans, and we’re seeing that come through in a nice uplift in market share.
“Our growth plans are off to a solid start and we have already opened two new stores in FY19 in Burpengary and Clifford Gardens. We have another new store opening soon in Flagstone, which is an especially exciting opportunity where we will be piloting a new form of market representation to capture the rapid residential and commercial growth in the area,” added Mr Symond.
Aussie Flagstone initially opened in a display village and will relocate to a retail premises once the commercial infrastructure in the area is developed and a retail site becomes available.
Overall, in the 2018 financial year, Aussie brokers settled a monthly average of over $1.5 billion and set several new records for the brokerage, including achieving Aussie’s highest settlement year ever worth in excess of $18 billion and multiple record months in its franchise channel.
Aussie has a range of metro and regional franchise territories now available across Queensland and is also recruiting mortgage brokers for its mobile channel.
The REA Group has confirmed changes to the Mortgage Choice-Sm...
The state and federal governments have offered support packages t...
The non-major bank has released a new broker platform as it conti...