Cash rate update for May 2024
The Reserve Bank of Australia (RBA) has decided to again hold the official cash rate at 4.35%. The decision to maintain the cash rate comes after March 2024 data showed inflation remains persistently high.
AFG NSW/ACT State Manager appointed
Australian Finance Group Ltd (ASX:AFG) has today announced the appointment of Haley Bellamy to the role of State Manager NSW/ACT at the company’s broker roadshow and sponsor expo event – AFG Now! – held in Sydney today. AFG Head of Sales and Distribution Them Lam congratulated Haley on her appointment. “Haley brings 20 years of […]
AFG Home Loans and LongView announce alliance to expand home ownership opportunities
Australian Finance Group Ltd (AFG), one of Australia’s leading mortgage aggregators and LongView, a leader in home equity solutions, announce a new alliance that will enable deposit constrained customers to buy a higher quality home sooner through lending products offered by AFG Home Loans. The alliance will also provide AFG’s network of brokers with access […]
Mortgage brokers once again the channel of choice for homebuyers
(ASX:AFG) Australian Finance Group Ltd data released today shows $20 billion in home loans lodged by AFG brokers for the third quarter of the 2024 financial year. This represents a 4.7 per cent increase in lodgements on the same period last year as a record number of homebuyers continue to seek the support of mortgage […]
AFG Chair welcomes Inquiry recommendation
(ASX: AFG) Australian Finance Group Ltd Chair, Greg Medcraft, has welcomed the recommendation for a government-backed Residential Mortgage-Backed Securities (RMBS) scheme made by the House of Representatives Standing Committee on Economics inquiry into promoting economic dynamism, competition and business formation. AFG Chair Greg Medcraft thanked the Committee for the opportunity to present to the inquiry […]
Cash rate update for March 2024
The Reserve Bank of Australia (RBA) has decided to again hold the official cash rate at 4.35%. The decision to maintain the cash rate follows relatively stable inflation rates over the last quarter.
February cash rate remains unchanged at 4.35%
In its first meeting of the year, The Reserve Bank of Australia (RBA) has decided to again hold the official cash rate at 4.35%. The decision to maintain the cash rate follows the release of data last week which showed the annual inflation rate is falling faster than expected. This year, the RBA will decrease […]
Strong finish to 2023 for AFG brokers
Australian Finance Group Ltd (ASX:AFG) brokers finished the year strongly with the AFG Index released today disclosing over $21 billion in residential mortgages lodged in the final three months of the 2023 calendar year. AFG Chief Executive Officer David Bailey explained the results. “After a challenging year with rapidly increasing interest rates and cost of […]
AFG executive appointment
Australian Finance Group Ltd (ASX: AFG) is pleased to announce the appointment of Rebecca Gravestock to the role of Chief People Officer. Ms Gravestock joins AFG from the private sector, most recently consulting in people advisory and strategy, and leading people and culture for the region at Xero. A qualified and experienced leader, Ms Gravestock […]
December cash rate remains unchanged at 4.35%
The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.35%. The decision to maintain the cash rate follows the release of data last week which showed the annual inflation rate had fallen to 4.9% for the year to October 2023.