AFG Securities to plant a tree for every mortgage provided
(ASX:AFG) Australian Finance Group Ltd has unveiled plans to have one tree planted for each new home loan provided by its AFG Securities business, as part of its commitment toward a more sustainable future. AFG has partnered with WA-based not-for-profit Carbon Positive Australia, which will plant one tree for each home loan provided by AFG […]
AFG strengthens Strategic Partners Program
AFG has promoted Christa Malkin to National Manager of its Strategic Partners program, as part of a wider expansion and strengthening of the service offered to its larger brokerages. The program delivers tailored support to meet the needs of AFG’s enterprise-sized businesses with tools, analytics and insights to support their growth. Christa joined AFG in […]
AFG takes home Aggregator of the Year 2022
Australian Finance Group has won the Aggregator Award at the MFAA National Excellence Awards 2022. The MFAA Excellence Awards celebrate brokers, businesses, and industry professionals who are the best of the best. The Aggregator Award recognises excellence across broker support, professional development, ethics, technology, lender panel, value proposition, advocacy, and business results in 2021. The […]
RBA rises August cash rate to rein back inflation
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate by 0.50% to 1.85%. The increase follows a slightly better than expected annual inflation figure of 6.1 per cent in the June quarter and falling house prices in some eastern state cities. Balancing out these factors is an unemployment rate of […]
Rising rates begin to bite
(ASX:AFG) Australian homebuyers are on alert and contacting their brokers to counter rising interest rates, according to the latest AFG Index. AFG CEO David Bailey said the company’s data across the past three months shows the volume of refinancers is up from 24% to 29% as borrowers look to get ahead of interest rate increases. […]
The Australian Broking Awards 2022 Finalists
Congratulations to our brokers who have been nominated as finalists in The Australian Broking Awards for 2022. You should be so proud to be recognised as one of Australia’s broking leaders. See the list of finalists below: 2022 Finalists Asset Finance Broker of the YearMary Nebotakis, Natloans Finance Broker of the YearNick Smith, Red10 FinanceRobert Gundi, […]
As expected, RBA cash rate once again increased for July
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.50% to 1.35%. With the RBA continuing to try and head off inflation before it takes too strong a hold on our economy, the decision was made to raise the rate. Lenders can set interest rates independently of RBA movements […]
Once again, RBA cash rate has increased for June
The Reserve Bank today decided to increase the cash rate, by 0.50% to 0.85%. The RBA has made the decision to increase rates primarily as a lever to return inflation to its target levels, which is currently sitting higher than the target at 5.1%. Wage growth is currently at 2.4%, which in real terms is […]
AFG commits further $600,000 sponsorship to Foyer Foundation
The Foyer Foundation is confident it can accelerate its efforts to tackle youth homelessness, after extending its partnership with Australian Finance Group Ltd (ASX:AFG) for a further three years. AFG, one of Australia’s largest networks of mortgage brokers, will provide $600,000 to the Foyer Foundation over the next 36 months, building on the $200,000 provided […]
As expected, RBA cash rate has increased for May
At its monthly meeting today, the Reserve Bank has decided to increase the official cash rate from 0.10% to 0.35%. An increase in rates has been highly anticipated following the release of higher than expected inflation figures last week. There was however speculation that the RBA may have delayed this increase until after the federal […]