John Symond
Published: 31/12/2009
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John Symond was born near Goulburn in NSW, he studied one year of dentistry, two years of Arts and then Law.
He established one of Sydney's biggest suburban legal practices.
In 1984 he set up his own financial services group which ran into tragic times causing him a loss of ten million dollars in assets and a three million dollar debt, still he refused to go bankrupt. John was financially broke at that time, but he was never short of determination and will to put up a fight against the unfair domination of banks .So he came up with a secret formula that could be summed up in his saying " Unless you do something better than your competitors you won't stand out" and thus in 1992 John Symond established Aussie Home Loans and he has since built the company to now to be Australia's sixth largest home lender and the largest non-bank lender.
Aussie Home Loan's loan portfolio is now worth more than $9 billion , with the average monthly loan volume worth about $250 million and 120,000 customers in both city and country areas.
He has created a series of firsts in Australian home loans lending, such as intense interest rate competition, 24 hour seven days a week service for customers and the list goes on.
The company now directly employs hundreds of people and has indirectly created jobs for thousands of Australians. John is proud of his achievement in creating competition and making home ownership more affordable for Australian families.
His great success and fight back is well portrayed in a recent interview when he said " I was on the cliff edge and I either had to fly or be totally washed up and gone forever. We all go through terrible times in our life, some worse than others.
My advice is don't give up. You don't know what good will come out of your experience."
