Aussie John helps out Camp Quality
MORE than $4000 was raised at a lunch for Camp Quality last Thursday when Aussie’s John Symond made a guest appearance.
The founder of Aussie Home Loans and entrepreneur used the good cause, held at the Rockhampton Leagues Club, to give his audience a few financial words of wisdom.
Aussie John wowed listeners with his undaunted, positive view of the property market, economy and his experiences taking on the big four banks.
“There’s been a lot of negative talk,” he said.
“But I’m someone who’s confident we won’t see any rises in the next few months.
“We’ve had more increases than anywhere else in the world and consumers are feeling the pinch.”
Mr Symond said although Aussie’s Rockhampton branch had fared well during the slow economic times since the GFC, the number of people taking out home loans had dropped by 25%.
“Energy prices are up, fruit and vegetables are up from the floods, and the price of oil is up,” he said.
“Retailers are hurting and this softness will be continuing for the rest of the year.”
He said a rate rise in the near future could push the economy into a recession.
“The Reserve Bank alters rates to alter consumers’ behaviour,” he said. “But what if consumers continue to be on the cautious side? I’m certainly crossing my fingers there won’t be a rate rise again this year.”
Mr Symond assured Aussies 140 branches were doing well – particularly the
Rockhampton branch, which stretches north to St Lawrence, to Agnes Water in the south and Longreach in the west.
“We are looking to recruit and employ people right now,” Mr Symond said.