Aussie records 383% growth in Macquarie loans sold through its brokers

Macquarie's share of Aussie Home Loans' mortgage book has almost quadrupled from just 1.4% of all settled loans by value in the 2012 financial year to 6.4% in the 2013 financial year just passed.

This equates to year-on-year growth of 383% and is part of a bigger picture of Macquarie's return to mortgage lending.

Aussie Home Loans founder  and executive chairman John Symond said Macquarie's growth was a not a a unique story with many of its lenders experiencing portfolio share growth.

Homeside (a NAB product offering) settled 15.6% of our total settlements this year, up from 12.3% last year, and the Commonwealth Bank (which owns 80% of Aussie) also grew it share from 18.2% last year to a 20.5% share this year.

A spokesperson for Aussie told Property Observer Macquarie has aggressively grown share in several brokers channels including Aussie's through "competitive pricing and business development manager (BDM) support".

Apart from Aussie Home Loans, Macquarie distributes its mortgages through AFG, Vow Financial, Mortgage Choice and Mark Bouris’s Yellow Brick Road after it formed a mortgage distribution alliance with the franchise group in November last year.

Overall, Aussie recorded settlements for the 12 months to June 30 up 8% cent on last year with all states and territories recorded strong lending growth.

Aussie's West Australian business recorded a substantial 26% gain on last year’s result.

Aussie’s total portfolio stands at $47.3 billion at the end of 2013 financial year, up from $43.2 billion in June 2012.

Including the National Mortgage Broker (nMB) portfolio, which Aussie acquired a year ago, it ended the year at $56.4bn.

 

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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