A combination of falling interest rates and looser lending restrictions has seen a record number of Australians turn their back on the big banks in favour of mortgage broking services and suppliers.
In fact, new data released by the Australian Bureau of Statistics (ABS) revealed that demand for mortgage broking services had surged to its fastest rise in five years. The announcement comes off the back of a four per cent rise in approved new loans in July.
With the Reserve Bank threatening to drop interest rates further, the mortgage broking industry is firming as one of the most sought-after sectors in the country.
It’s a welcome boost for some new players, but for heritage mortgage broking franchise Aussie, the growth marks a new era of expansion.
The Aussie mortgage broking model
For over 27 years, Aussie has been at the forefront of the home-loan and mortgage broking sector, helping more than 1.3 million Australians get into their own home.
However, it isn’t just prospective homeowners that Aussie is helping achieve their dreams.
As one of the country’s most successful and long-lasting franchise models, Aussie provides a flexible entry to the market for the inspired entrepreneur. New franchisees are not required to the hold a background in the financial services, with Aussie providing a structured pathway into the industry regardless of work experience.
Backing the opportunity is Aussie’s industry-leading support, technology and systems. For close the 30 years, the Australian icon has invested heavily in new technology to help streamline process of operation and exceed the changing customer, community and regulatory expectations.
Flexible operations
Where the model has merit is in its flexibility. From training and support to new market additions, Aussie provides a platform for entrepreneurs at all stages of their professional career.
In addition to the traditional broking office, Aussie also offers a mobile mortgage broking model, allowing franchise partners to meet clients remotely and provide assistance.
The reduced entry rate and flexible working arrangement is tailor-made for parents returning to the workforce, or those new to the industry. Partners can choose their own hours and schedule work around personal commitments.
It’s the perfect entry for those looking to take advantage of the growing sector, particularly as new government proposals to encourage home-loan lending take effect.
With lending restrictions lifted and more prospective home-owners looking to secure a great deal, Aussie is on the hunt for aspiring entrepreneurs to help lead the new growth.