Aussie Home Loans in expansion mode

By Sarah Stowe | 29 Oct 2015 View comments

Fifty more Aussie Home Loan stores over the next two years and up to 400 new brokers are part of the growth strategy for the mortgage business which has set new expansion plans in light of the booming housing market.

According to BRW, founder and group chairman of Aussie Home Loans, John Symond, said buoyancy in the home loans market in October is reflecting greater consumer confidence.

"It was our biggest month and we are heading into some more terrific months, so we are firing on all cylinders," Symond said.

Loans were 22 percent higher than in October 2012, setting a record for the group, now majority owned by the Commonwealth Bank.

There are about 150 stores and 1000 mortgage salespeople currently in the Aussie Home Loans network.

Five branches were recently opened in Adelaide, and there will be more stores unveiled in Western Australia soon.