Rising rates begin to bite
(ASX:AFG) Australian homebuyers are on alert and contacting their brokers to counter rising interest rates, according to the latest AFG Index. AFG CEO David Bailey said the company’s data across the past three months shows the volume of refinancers is up from 24% to 29% as borrowers look to get ahead of interest rate increases. […]
The Australian Broking Awards 2022 Finalists
Congratulations to our brokers who have been nominated as finalists in The Australian Broking Awards for 2022. You should be so proud to be recognised as one of Australia’s broking leaders. See the list of finalists below: 2022 Finalists Asset Finance Broker of the YearMary Nebotakis, Natloans Finance Broker of the YearNick Smith, Red10 FinanceRobert Gundi, […]
As expected, RBA cash rate once again increased for July
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.50% to 1.35%. With the RBA continuing to try and head off inflation before it takes too strong a hold on our economy, the decision was made to raise the rate. Lenders can set interest rates independently of RBA movements […]
Once again, RBA cash rate has increased for June
The Reserve Bank today decided to increase the cash rate, by 0.50% to 0.85%. The RBA has made the decision to increase rates primarily as a lever to return inflation to its target levels, which is currently sitting higher than the target at 5.1%. Wage growth is currently at 2.4%, which in real terms is […]
As expected, RBA cash rate has increased for May
At its monthly meeting today, the Reserve Bank has decided to increase the official cash rate from 0.10% to 0.35%. An increase in rates has been highly anticipated following the release of higher than expected inflation figures last week. There was however speculation that the RBA may have delayed this increase until after the federal […]
AFG reports solid quarter as majors take a tumble
(ASX:AFG) Australian Finance Group Ltd has reported another strong quarter for the company’s 3,500+ brokers with home loan lodgements up 6.9% on the same period last year. Close to $22 billion in lodgements were recorded in the third quarter of the 2022 financial year, with non-major lenders once again closing the gap on the majors […]
MFAA Excellence Awards 2022 Finalists
It’s been another outstanding year for AFG brokers nationwide, with an impressive number of state finalists in the MFAA Excellence Awards in 2022. See the list of finalists below: NSW/ACT 2022 Finalists Individual category finalists Business Development Manager Award – AggregatorHaley Bellamy, AFGDavid Vizza, AFGErin Williams, AFG Community Champion AwardNathan Smith, Birdie Wealth Newcomer AwardClare […]
Keeping consistent, RBA cash rate remains unchanged for April
The RBA has remained consistent in wanting to see a sustained period with inflation in their 2-3% target range and steady wages growth before raising the cash rate. With global uncertainties remaining and modest wage growth, expect the Reserve Bank to continue to closely monitor supply chain disruptions, increasing energy prices and global events. The […]
Support to deal with life’s challenges and a deep dive into broker business models
Did you happen to miss our March 2022 Broker Insights webinar? Check out our summary of the session! Our second monthly Broker Insights webinar for 2022 kicked off on Monday, 21 March, with a variety of essential topics for brokers. This month’s webinar featured an impressive lineup of industry experts sharing the screen. Here is […]
The Adviser Better Business Awards 2022 Finalists
It’s a testament to our brokers’ hard work and dedication that, so many, are nominated as state finalists in The Adviser Better Business Awards in 2022. See the list of finalists below: NSW 2022 Finalists Best Aggregator BDMHaley Bellamy, AFGDavid Vizza, AFGErin Williams, AFG Best Customer Service (Individual)Nicole Cannon, Pink Finance Best Loan AdministratorJyoti Malik, […]
