Aussie bucks national trend of job cuts

By Sarah Stowe | 27 Aug 2020 View comments

After 28 years of revolutionising the home loan industry, Aussie is again setting a new trend – this time shaking up the employment market.

The Covid-19 pandemic continues to put pressure on the nation’s labour market. Since the beginning of 2020, the jobless rate has surged, leaving close to one million Australians looking for work.

Aussie, the leading home loan brokerage is bucking the trend, and opening up new possibilities for Australians to go into business for themselves, with an expansion plan that aims to recruit 200 new mortgage brokers in 2020, and grow its retail store presence to 300 Australia-wide by 2023.

Recognising the value of extending a financial helping hand to new brokers, Aussie has taken the unique step of offering cashflow support to successful recruits during their first six months. It’s an offer that has resonated well across the market, putting Aussie firmly on track to achieve its target figures.

Since May 2020, Aussie has helped more than 80 prospects choose a new professional path as a broker. Almost 20 new recruits are now qualified, accredited and ready to start writing loans for their customers[1].

Meanwhile, over 30 of Aussie’s latest recruits are currently completing Aussie’s industry leading Learning and Development.

Quality applicants with diverse backgrounds

Brad Cramb, General Manager, Distribution at Aussie says, “The response to our recruitment drive has been exceptional. What is especially exciting is that we are attracting applicants from a wide variety of backgrounds.

“This means we are able to give some extremely talented Australians a chance to experience the rewards of running their own business as a mortgage broker, backed by the support and resources of Aussie.”

Mr Cramb believes the Covid-19 pandemic may have had a hand in the success of Aussie’s recruitment drive.

He explains, “Lockdowns have given Australians an opportunity to carefully consider their professional future. Many of the candidates we are speaking with are small business owners and executives from a variety of fields – not just the finance industry, who have decided they want to forge a new future for themselves, one that offers greater control for themselves and their families.”

Industry accolades support recruitment drive

The success of Aussie’s recruitment campaign comes on the back of several key wins in The Adviser’s 2020 Australian Broking Awards. Aussie took out the national titles for 2020 Major Brokerage of the Year – Franchise, as well as the 2020 Marketing Campaign of the Year.

Mr Cramb says, “Industry awards are an affirmation that we have the right strategies in place to support our brokers’ businesses. But our real strength lies in the training and support we provide.”

Adapting induction to COVID-19

Social distancing requirements have meant some necessary fine tuning of Aussie’s learning and development programs. In particular, Aussie has transitioned to a virtual induction program during Covid-19. However, this has been a remarkably streamlined process according to Mr Cramb, who notes that online training has meant minimal disruption for Aussie’s newest recruits.

He explains, “Flexibility is really critical in the current market. We know that there is no ‘one size fits all’ formula for success as a mortgage broker. This is why Aussie has always provided a variety of pathways for our new recruits. Mobile broking for instance, is a well-established part of our history.

“We are thrilled to be attracting a diversity of talent to the Aussie family, but the common thread is that all our brokers benefit from our industry-leading training, support, and expert mentoring to help them get their businesses up and running.”

To learn about the opportunities offered by Aussie, register here for Aussie’s upcoming Find your Business Happiness webinar on 21st August, or head to for more information.

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Aussie is a trade mark of AHL Investments Pty Ltd. Aussie is a subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124. © 2020 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.