Aussie will open 24 new stores in 2021

By Sarah Stowe | 04 Mar 2021 View comments

Mortgage broking firm Aussie will open a further 24 stores this year to bring the total number of outlets to more than 244.

Aussie is heavily recruiting to add to its broker network with new sites already pinpointed.

Locations include areas such as Macquarie Park, Vincentia, Bankstown, Bella Vista, Ingleburn, Dickson, Ballarat, Mudgeeraba, Ashmore, Coomera, Buderim, North Lakes, Blackwood, and Mordialloc.

Aussie CEO, James Symond, said “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.

“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,” he added.

Aussie has delivered strong performance across the business. Last month proved a record February settlement month with the highest lodgement quarter recorded.

Year to date the channel accounts for more than 70 per cent of Aussie’s total settlement value and is at 8 percent above the settlement target for FY21.

The brand’s growth comes as banks continue to shut branches in city and country areas.

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.”

 

During 2020 Aussie opened eight new retail stores despite facing additional safety requirements and restrictions that affected construction, recruitment, merchandising, training, and store operations.

The new franchise stores to be added to the Aussie network in 2021 will contribute approximately 86 new jobs across 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.”