AFG invests in broker businesses
AFG supporting its broker network through equity investments to help drive business growth. Australian Finance Group Limited (AFG) has today announced its first two equity investments in broker businesses after acquiring minority holdings in Melbourne-headquartered Empower Wealth Group and Lifespan Mortgage Services, which operates in Western Australia. AFG Chief Executive Officer David Bailey said the […]
Cash rate update for December 2024
The Reserve Bank of Australia (RBA) has announced a hold on the cash rate of 4.35% at today’s meeting. The decision to keep the cash rate unchanged was widely expected at this meeting. Policymakers are likely taking into account the Consumer Price Index (CPI) sitting at 2.8%, which is within the target range. However, they are […]
AFG completes acquisition of Fintelligence
Australian Finance Group Limited (ASX:AFG) has today announced the completion of the acquisition of the remaining 16.7 per cent stake in leading asset finance aggregator, National Finance Alliance Pty Ltd, trading as Fintelligence. The combined AFG group has recorded asset finance settlements of more than $3.3 billion in the past 12 months. Growth since acquisition […]
AFG to acquire equity stakes in broker businesses
AFG is evolving its service offering, maintaining its position as the market leading partner of choice for brokers. Australian Finance Group Limited (AFG) has today announced that it will become the first Australian mortgage aggregator to acquire non-controlling equity stakes across its network of mortgage broking businesses. AFG Chief Executive Officer David Bailey said the […]
AFG Launches BrokerEngine Plus
AFG turbocharges technology platform – setting a new standard in broker efficiency Australian Finance Group Ltd (AFG) has today unveiled BrokerEngine Plus, a powerful new broker platform, developed exclusively for its network of more than 4,000 mortgage brokers. The platform offers a long list of features designed to improve the experience for brokers and their […]
AFG marks 30-year milestone as mortgage broker industry hits record high
AFG marks an important milestone celebrating 30 years in business. AFG’s breakout into the market effectively led the mortgage broking industry to become the competitive and diversified lending market we know today. Founded by Directors Brett McKeon, Malcom Watkins, Kevin Matthews and the late Bradley McGougan in September 1994, they helped create choice for millions […]
Cash rate update for November 2024
The Reserve Bank of Australia (RBA) has announced a hold on the cash rate of 4.35% at today’s meeting. The decision to keep the cash rate unchanged reflects a balance between domestic and global economic factors. Inflation in Australia is currently at a three-year low, with the Consumer Price Index (CPI) rising by 2.8% over the year […]
Records broken as Australians make a move
Homebuyers across the country are turning to brokers for help as house prices continue to rise and low availability bites. Australian Finance Group Ltd (ASX: AFG) brokers lodged more than $24 billion in home loans for the first quarter of FY25, the highest Q1 lodgement volume on record and the highest since the second quarter […]
Meet our all-female team of State Managers
In an industry where female representation is too low (only about 25% of Australia’s brokers are women), AFG is proud that all five of its State Sales Heads are female. As influential role models, our amazing all-women sales leadership team will no doubt help further inspire potential and existing female brokers, helping them feel supported, […]
Cash rate update for September 2024
The Reserve Bank of Australia (RBA) has just announced a hold on the cash rate of 4.35% at today’s meeting. August 2024 data shows unemployment rates steady at 4.2% but this is up from a low of 3.5% in mid-2022. The US Federal Reserve reduced its interest rates by 0.50% to 4.75% last week to […]