September cash rate remains unchanged at 0.10%
At its monthly meeting today, the Reserve Bank has again confirmed the official cash rate will remain at 0.10%. As the country starts to discuss what post-lockdown life will look like, the focus out of the meeting will be on the RBA’s government bond-buying program. Prior to last month’s meeting it was anticipated that the […]
Supercharging broker experience
We’re stepping up our commitment to supercharge support for AFG brokers with the announcement of a newly created position, Head of Broker Experience. Head of Sales & Distribution Chris Slater said he was delighted to add the role to the AFG Sales Leadership team and announce he was promoting AFG’s Joseph Khal to the role […]
Supporting our Brokers’ Mental Health
Looking after our mental health is an ongoing issue for all our community, and the broking sector is no different. Our brokers are on the frontline supporting their clients through some of the most important decisions they will make, in good times and in bad. The Black Dog Institute estimates that 1 in 6 working-age […]
Supporting Homelessness Week
According to the Australian Government Institute of Health and Welfare, across Australia, there are over 116,000 people experiencing homelessness on any given night. As a business that supports mortgage brokers and thousands of customers into new homes every month, we know the importance of stable, safe and affordable housing. With the theme ‘Everybody Needs a […]
Cash rate for August remains unchanged at 0.1%
The Reserve Bank today confirmed the official cash rate will remain at 0.10% for the foreseeable future. News of positive inflation last week is seen as a blip due to the economic impacts of the sustained NSW lockdown. The expectation was that the RBA would increase its government bond buying program, however it surprised the […]
Australian home loan market ends the financial year on a high
(ASX:AFG) The 2021 financial year drew to a close with another record quarter of activity for AFG brokers. The company recorded $22.6 billion in home loan lodgements for the three months to 30 June 2021. This is an increase of 10% on the previous quarter and a massive 34% on the corresponding quarter last year. […]
Cash rate for July remains unchanged at 0.1%
As anticipated the Reserve Bank board maintained the official cash rate at 0.10% today. Despite the economic handbrake from the latest round of COVID-19 lockdowns, some economists are speculating that the RBA has underestimated the strength of the economic recovery, leading to predications that rates will start to increase towards the end of 2022. RBA […]
Cash rate for June remains unchanged at 0.1%
As widely expected the Reserve Bank held rates at 0.10% at its board meeting today. All eyes will be on the minutes of the meeting to see if there has been any softening on the RBA’s stance that rates would not increase until 2024. Since their June meeting there has been more positive economic information, […]
Cash rate for May remains unchanged at 0.1%
The RBA held its monthly board meeting today and as expected, maintained the cash rate at 0.10%. As a sign the economy is growing at a healthy but controlled pace, the RBA is heavily focused on restoring inflation to within its 2-3% target range. The recently released March quarter consumer price index data shows the […]
Cash rate for April unchanged at 0.1%
The RBA met today and as predicted by most economic experts left the cash rate at 0.10%. The RBA has previously stated that it does not expect rates to increase until it sees sustained wage growth and inflation returning to within its target range of 2-3%. With growing speculation that APRA will be required to […]
