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Aussie welcomes franchise store growth

aussie home loans office aussie home loans office
reporter 4 minute read

Major brokerage Aussie has said that it will increase the number of its stores across Australia by 24 stores this calendar year, taking its franchise to a total of 244 stores.

The major brokerage and franchise group has welcomed its store growth, as it looks to reach a total of 300 stores and 1,200 brokers by 2023.

Aussie noted that it had opened 8 new retail stores during 2020 – despite facing "additional safety requirements and restrictions impacting construction, recruitment, merchandising, training, and store operations" during COVID-19.

It added that it will be welcoming 24 stores this calendar year, which will contribute approximately 86 new jobs across local communities.

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It will take the total number of Aussie stores to a total of 244.

Aussie CEO James Symond said: “We are bucking the trend among banks to trim their branch networks; as we recognise we are a customer-driven growth organisation, and our new stores reflect a desire to be very accessible to our customers in capital cities and local communities. 

“These stores are about being a fabric of the community, showing strength of the Aussie brand and providing quality old-fashioned face-to-face service to each community,” he said.

“We plan to keep growing our retail channel with a goal to reach 300 stores and 1,200 brokers by 2023, while enhancing our digital offering. 

“Our new stores are coming to life in convenient, high-density locations on the doorstep of many Australians with property goals,” Mr Symond added. 

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“We’ve announced new locations such as Macquarie Park, Vincentia, Bankstown, Bella Vista, Ingleburn, Dickson, Ballarat, Mudgeeraba, Ashmore, Coomera, Buderim, North Lakes, Blackwood and Mordialloc – all which are part of our plans to expand our footprint into new suburbs and regional locations. 

“This extended reach is very exciting for us and for customers who are looking for expert home loan help more than ever,” he said. 

Mr Symond concluded: “The growth of our broker and store networks are providing people the opportunity to join Aussie from both financial and non-financial backgrounds, with 198 recruits hired and trained during 2020 and more than 220 projected to join in 2021.”

According to the brokerage, February 2021 marked its largest settlement month and its highest lodgement quarter on record.

Aussie’s retail channel, which accounts for over 70 per cent of Aussie’s total settlement value, also delivered the highest lodgement month on record in February 2021 and year to date.

[Related: Aussie settlements rose 11% in 2020]

Aussie welcomes franchise store growth
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