RBA’s cash rate for December unchanged at 0.1%
After a challenging year, the RBA has met for the final time in 2020 and decided to leave the cash rate unchanged.
Mark Hewitt recognised in Mortgage Global 100 List
AFG is proud to announce that AFG General Manager Industry & Partnership Development, Mark Hewitt, has been named in the second annual Global 100 list. Spanning the US, Canada, Australia, New Zealand and the UK, the Global 100 recognises leaders making a difference in today’s market through the achievements of their own companies, industry associations […]
Record-breaking quarter for AFG brokers
(ASX:AFG) The AFG Index released today shows another period of growth for AFG brokers to close out the first quarter of the 2021 financial year. More than 35,400 residential loans were lodged, with volume surpassing $18 billion for the quarter, eclipsing last quarter’s record-breaking levels. AFG CEO David Bailey explained the results: “The first quarter […]
AFG successfully completes inaugural $500 million Non-Conforming RMBS issue
Australian Finance Group Ltd’s (ASX: AFG) wholly-owned subsidiary AFG Securities Pty Ltd (“AFG Securities”) has successfully priced its inaugural non-conforming Residential Mortgage Backed Securities (“RMBS”) transaction. The AFG 2020-1NC Trust $500 million issue is AFG Securities tenth issue since 2013, taking the total paper issued to the market by AFG Securities to $4.075 billion. This […]
Cheap tricks to boost the value of your home
Tired houses are a yawn for their occupants and potential buyers when the time comes to sell. We look at some of the simpler ways you can add value and give your home a new lease on life, without turning yours upside down. Lighten up Natural light not only makes rooms brighter and appear larger, […]
AFG Securities introduces new, fairer clawback structure
AFG’s in-house lending division AFG Securities has today announced a fundamental change to its clawback structure that further enhances compliance and fairness for AFG’s 2,975 brokers. AFG Securities is the funder behind the AFG Retro and AFG Link products. AFG Securities’ General Manager Damian Percy explained the new structure and how the company arrived at […]
RBA cash rate for September remains unchanged at 0.25%
The Reserve Bank of Australia has today kept the cash rate at 0.25% for the sixth straight meeting in a row. The RBA will be closely monitoring the impact of the COVID-19 shutdown in Victoria and uncertainty surrounding the pace of a national recovery. It has previously stated that it sees a cash rate of […]
Australian Finance Group Ltd annual results
Australian Finance Group Ltd (ASX: AFG) today announces the delivery of a very successful full year operating result driven by growth in every division of the company. AFG reports net profit after tax of $38.1 million for the full year to 30 June 2020, a 15.3% increase year on year. AFG CEO David Bailey said […]
Common cents – 50 savvy ways to save
Saving can be simple when you know how. Yes, sacrifice is needed to get ahead but you can also be frugal without being a total scrooge. Follow our 50 tips to sneak more savings into your life. Talk to me to see if you can save on one of your biggest outlays – your home […]
RBA’s cash rate for August remains unchanged at 0.25%
As expected, the Reserve Bank of Australia kept the cash rate at 0.25% at its meeting today as the country continues to deal with the COVID-19 pandemic. The RBA, conscious of reductions in consumer spending, further falls in house prices and the flow on economic impact of stage four restrictions in Victoria, has consistently stated […]