YELLOW BRICK ROAD
The Yellow Brick Road family – which also includes Vow Aggregation and Resi Mortgage Corporation – is becoming a major player in the third-party channel. Vow Aggregation announced its 1,000th broker in October and is pushing to be the country’s third largest aggregator. In June Resi branches began formally rebranding to Yellow Brick Road, whilst YBR itself will treble its marketing spend and Bouris will be returning to his TV role on Celebrity Apprentice Australia. There have been several rumours of further acquisitions – although none have yet led to anything – involving non-bank lenders Homeloans and RESIMAC. The challenge for Bouris and the Yellow Brick Road family will be turning this investment into return, and attracting and developing top brokers to rival Aussie and Mortgage Choice.