Reserve Bank of Australia has decided to leave official cash rate unchanged at 1.5%
As the nation stops to enjoy today’s Melbourne Cup, the only sure bet of the day was that the Reserve Bank of Australia would leave the official cash rate unchanged at 1.5% for the 27th consecutive time. Rates remain on hold while the RBA assesses domestic factors including slow economic growth, falling house prices and […]
AFG response to the Interim Report of the Royal Commission into Misconduct in the Banking, Superannuation and the Financial Services Industry
Last Friday AFG provided our response to the Royal Commission’s Interim Report. We are of the view that the erosion of public confidence in the major banks and their failure to meet community expectations is inextricably linked to the immense market power that they wield. We have told the commission the competitive tension delivered by a viable […]
AFG Mortgage Index – Q1 19 – Home lending in a holding pattern
AFG Mortgage Index figures released today show the country’s lending in a holding pattern with first home buyers the only category of buyer to record an increase for the first quarter of the 2019 financial year. The volume of mortgages processed by AFG declined 2% on the prior quarter. AFG brokers lodged 27,900 mortgages during […]
Factors affecting our property prices
While prices are a product of supply and demand, it’s worth understanding the factors that sit beneath both sides of the equation. In other words, what drives supply and what drives demand? Incomes Higher household incomes, thanks largely to two-income couples, have seen Australians seek better quality housing, invest more in property and bid-up pricing. […]
The RBA has opted to leave the official cash rate on hold at 1.5%.
The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1.5% for the 26th consecutive time. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision. In making this decision the RBA looks to have balanced low unemployment, strong […]
Release of Royal Commission interim report
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was released on Friday 28th September. AFG will respond to the Commission’s call for submissions addressing the issues raised about the role of intermediaries. It is important to remember the current Royal Commission was tasked with reviewing misconduct and by its very […]
It’s SMART business
The Australian broking landscape is changing. We’re seeing an unprecedented shift in AFG brokers broadening their capabilities to offer commercial finance. It’s no surprise, the commercial lending market is worth $39 billion per month, and yet brokers have volumes below 10% of the market. It’s time to get cracking and make your mark in this […]
AFG NSW Broker Excellence Awards 2018
Thank you to everyone who attended the AFG NSW and ACT 2018 Awards function on Friday 24th August at Hyatt Regency. We would like to take this opportunity to congratulate all of our award finalists and ultimate winners in each category for the 2018 year. It has been an amazing year for us all in […]
AFG QLD, NT, and Nth NSW PD Day and Awards Presentation 2018
The 2018 annual awards function held on the 24th of August on the Gold Coast was a great success. We would like to take this opportunity to congratulate all of our award finalists and ultimate winners in each category for the 2018 year. Looking back it has been an amazing year for us all, plenty […]
AFG South Australia Broker Awards 2018
On Behalf of AFG SA we would like to take this opportunity to congratulate to all of our SA Award finalists and ultimate winners in each category for the 2017/2018 year! It has been an amazing year for us all, plenty of changes in a vibrant industry, that continues to grow and flourish and provide […]