AFG Mortgage Index – July 2015
AFG, Australia’s largest mortgage broker, announced a record-breaking volume of $5.1 billion in mortgages processed for the month of June – up 34.5% on June 2014, and 1.7% on last month. This is also AFG’s second highest month ever after achieving volume of $5.2 billion in March this year. While overall mortgage figures continue to be buoyant, the […]
AFG congratulates departing director John Atkins
The AFG (ASX:AFG) board today congratulated long-standing non-executive director John Atkins on his appointment to the role of Western Australia’s Agent General, based in London. Mr Atkins proposes to resign from the AFG board effective 31 August 2015 to take on his new role. AFG Chairman Tony Gill praised Mr Atkins’ contribution to the organization. […]
How to have an incredible shrinking mortgage
Consider this: 30 years ago it cost about 3.5 times the average annual salary to buy an average priced Australian home – today, it costs around 7.5 times our yearly earnings 1. With the average new home loan nudging $444,0002, it’s more important than ever to look at strategies to shrink your mortgage and work towards […]
Masterplan – Guide to sell off the plan
New home sales are back on the rise, fueled in part by many investors and owner-occupiers buying off the plan.The concept is straightforward: put up a deposit (usually 10 per cent) to help the developer fund construction and pay the balance when the build is complete. Apartments are now springing up at a rapid rate […]
AFG Mortgage Index – June 2015
Record-breaking May for mortgages as refinances increase: AFG Australian Finance Group (ASX: AFG) has today released its monthly mortgage index for May 2015. A surge in the number of borrowers looking to refinance their mortgages saw the total home loans processed last month by AFG rise to a record-breaking May. AFG processed a total of $5,017 million during […]
AFG commences trading on the Australian securities exchange
Australian Finance Group (ASX: AFG) AFG is pleased to announce it has been admitted to the Official List of the Australian Securities Exchange (ASX) and that its ordinary shares will commence trading on a deferred settlement basis at 10.00am (WST) today. AFG shares are expected to commence trading on the ASX on a normal settlement basis on 26 […]
Fixing for the future – making the most out of a fixed rate
One in five Australians taking out a home loan is now opting to fix their interest rate, according to a recent AFG Mortgage Index. Not only are fixed rates proving popular in the midst of global economic uncertainty, many borrowers are cashing in on unprecedented, increased competition around fixed rate loans. Traditionally, lenders have set […]
AFG successfully completes bookbuild for Initial Public Offer (IPO)
Australian Finance Group Ltd (AFG) today successfully completed the institutional bookbuild for its initial public offer (IPO) and is anticipated to be listed on the Australian Securities Exchange on 22 May 2015. The Final Price for shares acquired under the IPO was determined at the conclusion of the bookbuild and has been set at $1.20 per Share. AFG […]
AFG Competition Index – April 2015
Major mortgage lenders have succeeded in winning back market share of new home loans which they lost during the closing months of 2014, according to new data published today by AFG, Australia’s largest mortgage broker. AFG’s Competition Index shows that the overall 67.7% of loans processed for major lenders last December, which represented an all-time […]
Mortgage Index – May 2015
Record for the month of April driven by Melbourne & Sydney property investment The housing market’s strong 2015 performance continued during April with AFG processing total mortgages of $4,380 million for the month. This compares with $3,674 million in April 2014 and is a record for the month of April. In keeping with seasonal trends, the figure is […]