RBA cash rate unchanged at 0.75%
The RBA has decided to leave the official cash rate unchanged at 0.75% as it assesses the impact of its June, July and October cuts. In making this decision not to drop rates again, the RBA will have considered strong evidence of an improving housing market, supported by rising house prices in most capital cities […]
AFG Brokers find out what’s NEXT
That’s a wrap for another successful year as over 850 delegates gathered in Melbourne last week at AFG Next 2019. Over two days, AFG brokers, lenders partners and AFG staff had a chance to explore, examine and understand what the future of the Australian broking industry holds. Opening proceedings was AFG CEO, David Bailey, with […]
Low interest rates and property market recovery drive record home loan activity
Home loan activity has rebounded strongly in the September quarter, with interest rate cuts and an active property market driving record mortgage volume, according to the AFG Index released today. The Index – acknowledged as a reliable barometer of quarterly home loan activity across Australia – revealed a record $15.7 billion in lodgements in the […]
AFG founding director Kevin Matthews to retire
Australian Finance Group (ASX: AFG) today announced co-founder Kevin Matthews will retire from his position as a Non-Executive Director after more than 25 years with the business. Mr Matthews will leave the AFG board effective Monday 28th October 2019. Mr Matthews founded AFG with Brett McKeon, Malcolm Watkins and the late Brad McGougan in 1994 and […]
RBA cash rate decreased at 0.75%
For the 3rd time in five months the Reserve Bank of Australia has decided to reduce the official cash rate, this time to 0.75%, in a concentrated effort to boost the economy. In making the decision to lower rates again the RBA has strongly reinforced its focus on supporting employment growth and boosting household consumption […]
RBA cash rate unchanged at 1%
The RBA has decided to leave the official cash rate unchanged at 1% as it continues to assess the impact of its June and July cuts. In making this decision not to drop rates again the RBA will have considered emerging evidence of an improving housing market, supported by strong auction clearance rates in Sydney […]
AFG appoints General Manager AFG Securities
After an extensive search, AFG has appointed well known industry figure Damian Percy to the role of General Manager AFG Securities. AFG CEO David Bailey announced the appointment to staff today. “The AFG Securities loan book is now at $2.06 billion and reflecting the importance of this part of our business, we have created a […]
AFG welcomes regulatory clarity
AFG today welcomed the certainty provided for the mortgage broking sector by the Australian Government’s Royal Commission Implementation Roadmap. In setting out details for the way forward for the financial services sector post-Royal Commission, the Government confirmed significant work undertaken to put customers first had mortgage brokers well positioned. The draft National Consumer Credit Protection […]
AFG’s diversification strategy drives resilient FY19 performance
Australian Finance Group (ASX:AFG) has delivered a solid full-year profit, with its earnings diversification strategy mitigating challenging regulatory and economic conditions. AFG has today delivered an annual underlying profit of $28.56 million up 1.8% for the 12 months to 30 June 2019. For the first time, more than half of AFG’s gross margin was generated […]
Bringing Harvard Education to AFG Brokers
The prestigious AFG Academy has wrapped up for 2019, delivering a 3-day once in a lifetime opportunity for over 70 AFG brokers. Run by current and former Harvard professors, David Collis and Walter Kuemmerle, AFG Academy offers our brokers an opportunity to build strategic and practical skills across market, competition and business development. Condensing a […]