Penny Elder gets her copy of John Symond’s book signed by the man himself. She won it in the lucky draw.
Penny Elder gets her copy of John Symond’s book signed by the man himself. She won it in the lucky draw. Alistair Brightman

Embrace change or play chase-up

HE’S A BIG man with a big persona. His impact on Australia’s home loan industry has been just as big.

At Hervey Bay Boat Club yesterday his big message was a simple one.

“Set yourself goal posts and sign posts. Most people don’t have them,” he said.

“Think change. Embrace it and profit or play chase-up for the rest of your life.”

John Symond is best known as the legend behind Aussie Home Loans, the man who dared to take on the banks in the early 1990s, the brave, almost brash move which is credited with bringing competition to the nation’s home lending industry.

“The behaviour of the banks in those days was totally disgraceful.

“Something had to change. They used to open at 10am, close at 3pm and stressed people would rush there at lunchtime and queue up to be told ‘No’. I asked myself what could I do about it?”

The same philosophy can be equally applied to life in Hervey Bay, he said.

“With the cost of living and the quality of life, why wouldn’t you live here? You’re going to get land freed up, that’s my understanding, and that’s what you’ve wanted for years. In your back yard, you’re going to go through a great period.

“No matter how good things are here in your back yard, if the capital cities get wonky you’ll feel it.”

Mr Symond was at the Boat Club at the invitation of the Hervey Bay Chamber of Commerce. His visit also marked the launch of the new Aussie office at Pialba.

“We are fortunate to have a very well managed and very well regulated banking system.”



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