Majors back in the hunt: Competition Index – August 2017
In a sign of renewed commitment to the broker channel, major lenders have taken back control from the non-majors with a lift in market share across the last month according to the latest AFG Competition Index. After a low of 63.39% in June 2017, the majors have risen each month to round out the quarter […]
How to avoid property pitfalls
If you have seen the movie Money Pit, in which Tom Hanks and Shelley Long play a hapless couple whose home renovations plummet from bad to disastrous with every swing of the hammer, it’s easy to see why buyers should be beware. But it’s not just hidden and costly repairs that can snag home owners […]
The RBA has opted to leave the official cash rate on hold at 1.5%
With spring traditionally a busy time for the real estate market and for rate moves, all eyes were on today’s Reserve Bank of Australia board meeting, where once again it was decided to leave the official cash rate unchanged for the 13th consecutive month. The RBA avoided the temptation to follow other developed economies and […]
AFG successfully completes $350 million RMBS issue
Australian Finance Group (ASX:AFG) has today priced its AFG 2017-1 Trust Residential Mortgage Backed Securities (RMBS) issue. AFG Chief Executive Officer David Bailey said this latest transaction is the largest term deal AFG has undertaken. The securitisation program is an important contributor to the company’s overall growth strategy. We are delighted to see the success […]
Training Update – September 2017: Introduction to Social Media
We’ve been overwhelmed with the positive feedback we received from our National Broker Conference. As Australia’s largest mortgage broker event ever held, the impact of the event extends beyond just the two days. We aim to help our AFG members become some of the best educated in Australia with new training modules to help future […]
Award-winning WA brokers
There’s nothing we love more than hearing about our brokers’ success in achieving great outcomes for their clients. Last week we recognised the efforts of our Western Australian brokers at our 2017 State Awards event. Are you looking for a broker in your local area? We can help. Congratulations to all the nominees and winners […]
WA State Awards Event 2017
Last week celebrated the success of our WA AFG brokers at our 2017 State Awards event. These awards are a time to recognise and reward those WA members who are leading the way and who, despite tough conditions, have achieved success and great consumer outcomes this past financial year. We would also like to acknowledge […]
Australian Finance Group – Annual Results for 2017
Australian Finance Group (ASX: AFG) today reports a net profit after tax (NPAT) of $30.2 million for the 2017 financial year (FY2017). This excludes the impact of the recognition of AFG Home Loans (AFGHL) white label settlements relating to prior years (normalised NPAT). This is slightly ahead of the result forecast in our profit upgrade […]
Are you our next CIO?
We are searching for a strategic thinker, experienced in driving businesses to achieve their objectives, to join our innovative, entrepreneurial and collaborative business. AFG is a publicly listed financial services business with over 2,850 mortgage brokers and over 45 lenders on our panel. Our business thrives on the development and activation of new technologies enhancing […]
AFG wins Aggregator of the Year and Technology Platform of the Year
At The Adviser Australian Broking Awards 2017, we were very proud to have been awarded in two categories, Aggregator of the Year and Technology Platform of the Year. Technology is a key strategic focus for us and the backbone of our business and the businesses of our 2,850+ brokers. AFG has invested over $70m in technology […]