Mortgage Index July 2014
INVESTOR ACTIVITY HEATS UP IN QLD AS NSW COMES OFF ALL TIME HIGH: LATEST MORTGAGE DATA Investor activity is heating up in Queensland as it comes off unprecedented levels in NSW, according to AFG, Australia’s largest mortgage broker. AFG’s latest Mortgage Index, published today, shows that the proportion of mortgages arranged for investors rose from 33.5% […]
Mortgage Index June 2014
RECORD INVESTMENT ACTIVITY DRIVES MORTGAGE VOLUMES TO ALL TIME HIGH: MAY FIGURES Record demand for investment mortgages, comprising 40% of all new home loans, saw AFG, Australia’s largest mortgage broker, process an unprecedented $4.2 billion in mortgages last month. While investor activity has been very strong for most of 2014, May was the first month […]
Investment property – how to turn equity into earnings
If you have equity stored away in your home, now could be the perfect time to tap into it for an investment property. Equity is simply the difference between the value of your home and what you owe on it. If you have a property valued at $500,000 and owe $200,000 on it, you have […]
AFG Celebrates 20 Years
Financial services company AFG marks a significant milestone this month as it celebrates 20 years in business. Founding Directors Brett McKeon, Malcolm Watkins, Kevin Matthews and the late Bradley McGougan began the business in an office in the Perth suburb of Subiaco so small the photocopier needed to be wheeled in and out each day so […]
Be a mortgage master – our budgeting tips
We can’t control the economy but we can control our budgets Borrowers should be taking advantage of low-interest rates and doing what they can to pay off their loans faster. Here are our top tips to really get ahead while the good times roll. Here are our home loan and budgeting tips. 1. Pretend rates […]
Mortgage Index – May 2014
INVESTMENT ACTIVITY IN QLD SURGES: LATEST MORTGAGE FIGURES The proportion of property investors in QLD surged last month to comprise 38% of all new home loans processed in the state – up from 32% in February this year according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index, published today, shows that investor activity […]
AFG Competition Index April 2014
Non-major lenders take 32% of first home buyers – but struggle for overall home loan share Non-major lenders’ share of first home buyer loans rose to a high of 31.7% last month according to AFG, Australia’s largest mortgage broker. But in a highly competitive market, non-majors are struggling to make serious inroads into the hold of major lenders, […]
$300 million RMBS transaction for AFG
AFG is pleased to announce the successful pricing of its third Residential Mortgage Backed Securities (RMBS) transaction. The AFG 2014-1 Trust priced today with domestic and offshore investors participating. This is the first RMBS transaction for AFG this year, following two successful deals in 2013. With a transaction structure and asset pool consistent with previous […]
Mortgage Index – April 2014
RECORD-BREAKING TWO IN FIVE NEW HOME LOANS FOR INVESTORS – LATEST FIGURES Two in five new home loans last month were processed for investors according to AFG, Australia’s largest mortgage broker. AFG’s Mortgage Index shows that 39.6% of all mortgages processed in March were for investors – the highest such figure the company has recorded in the seven […]
Keeping your credit clean
When the National Consumer Credit Protection Act came into effect in 2010, it was designed to help regulate lenders and prevent consumers from getting out of their depth with debt. One of the spin-offs has been increased scrutiny on would-be borrowers. Lenders now look to an individual’s credit file to help determine if they are […]