Yield improves for enlarged Aussie

Aussie Home Loans lifted its net profit by 39 per cent to $31.4 million in the year to June 2010, The Age reported. Revenue increased 23 per cent to $203 million.

Now owned one-third by Commonwealth Bank, Aussie is mainly a home loan broker as well as a direct funder of its own brand of loans (and which are now mostly funded by CBA). Aussie took control of Wizard Home Loans from GE Capital in early 2009.

Aussie paid $11.3 million in dividends to the bank and the investment company of the group's founder, John Symond.