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Protecting your business against cybercrime

Originally published on on April 7, 2020 As a mortgage broker, you know how to take simple precautions to protect your business against crime when you’re not in the office. All you have to do is make sure the windows are latched, the doors are locked, the alarm is on and the insurance is up to date. But what about protecting your business against […]

2020 MFAA Excellence Awards: State Finalists

The MFAA Excellence Awards are presented to members of the association who display exceptional practice in mortgage and finance. The awards encourage members of the industry to constantly improve and strive for excellence.  To be recognised as a finalist speaks volumes of their exceptional practice and professionalism in the mortgage and finance industry. Congratulations and best of […]

SMEs using the ATO like a “bank” – what your clients need to know

As of the February 21 2020, the ATO will disclose tax debts over $100,000 that are overdue by more than 90 days to Credit Reporting Bureaus (CRB). Business owners historically have used the ATO as a “bank” by not paying their tax commitments on time, rather than utilise their own capital or commercial working capital […]

RBA cash rate unchanged at 0.75%

The first cash rate decision for 2020 has been announced by the RBA with the rate unchanged at 0.75%, as it assesses the economic threat posed by the bushfire crisis and the coronavirus outbreak. The Reserve Bank will have been encouraged by positive employment, inflation and house price figures and will be hoping these threats […]

AFG enhances home loan transparency

Australian Finance Group Ltd (AFG) has raised the bar on transparency for the home loan market, unveiling a new standard that summarises crucial mortgage information in a consumer-friendly format for home loan customers. Home loans arranged by authorised credit representatives in AFG’s national network of mortgage brokers now require both the customer and the mortgage […]

RBA cash rate unchanged at 0.75%

The Reserve Bank of Australia (RBA) has delivered its final cash rate announcement for the year with the decision to leave the rate unchanged at 0.75%. In making the decision the RBA appears to be assessing the impact on the broader economy of the three previous cash rate reductions together with recent tax cuts, government […]

AFG Brokers find out what’s NEXT

That’s a wrap for another successful year as over 850 delegates gathered in Melbourne last week at AFG Next 2019.  Over two days, AFG brokers, lenders partners and AFG staff had a chance to explore, examine and understand what the future of the Australian broking industry holds. Opening proceedings was AFG CEO, David Bailey, with […]

Low interest rates and property market recovery drive record home loan activity

Home loan activity has rebounded strongly in the September quarter, with interest rate cuts and an active property market driving record mortgage volume, according to the AFG Index released today. The Index – acknowledged as a reliable barometer of quarterly home loan activity across Australia – revealed a record $15.7 billion in lodgements in the […]

RBA cash rate decreased at 0.75%

For the 3rd time in five months the Reserve Bank of Australia has decided to reduce the official cash rate, this time to 0.75%, in a concentrated effort to boost the economy. In making the decision to lower rates again the RBA has strongly reinforced its focus on supporting employment growth and boosting household consumption […]

Bringing Harvard Education to AFG Brokers

The prestigious AFG Academy has wrapped up for 2019, delivering a 3-day once in a lifetime opportunity for over 70 AFG brokers. Run by current and former Harvard professors, David Collis and Walter Kuemmerle, AFG Academy offers our brokers an opportunity to build strategic and practical skills across market, competition and business development. Condensing a […]

AFG Masterclass and Broker Excellence Awards 2019

We’ve wrapped up an amazing series of AFG Masterclasses for 2019! Covering five states AFG Masterclass 2019 delivered a range of presentations and keynotes designed to help AFG brokers prepare their businesses for the future. The AFG team delivered a range of updates covering the political landscape, compliance and regulation, residential finance, business finance, industry […]

2019 SA Broker Excellence Awards

Thank you to everyone who attended the SA Awards function! Congratulations to all our award finalists and winners in each category for 2019. Well done on all your hard work, and we look forward to another successful year together. See below for full coverage of finalists and winners from the event!   SA Broker Group […]

David Bailey speaks at Parliament House Forum in Canberra

Today industry, government and consumers came together at Parliament House for a forum discussion about issues affecting the housing industry, including changes to broker remuneration and the ALP’s proposed changes to negative gearing and capital gains tax. I was invited by Senator Zed Seselja, Assistant Minister for Treasury and Finance, to be part of a […]

Federal Government recognises vital role mortgage brokers play in delivering competition

Australian Finance Group Ltd (ASX:AFG) said the Federal Government’s announcement on trail commissions today confirmed the vital role mortgage brokers play in generating competition in the home loan market. In response to the Banking Royal Commission recommendations, Treasurer Josh Frydenberg said the Government had decided not to prohibit trail commissions on new loans and opted […]

AFG warns homebuyers will pay more if competition in home loan market is eroded

Australian Finance Group Ltd (AFG) said the Federal Government’s public acknowledgement of the importance of competition in the home loan sector directly recognises the benefits mortgage brokers bring to consumers. AFG welcomes the Government’s support for the industry and the need to protect competition in Australia’s home lending market. In its response to the final […]

ACCC warning echoes AFG’s call for competitive market

AFG today said the ACCC’s Residential Mortgage Price Inquiry report has provided damning evidence of the major banks “synchronising” interest rate increases, underlining the importance of ensuring a competitive home loan market. AFG chief executive officer David Bailey applauded the ACCC’s conclusion that consumer choice and lower interest rates on offer from smaller lenders competing […]

Final RBA announcement for 2018 leaves cash rate Unchanged at 1.5%

As widely anticipated, in the final rate announcement for 2018, the Reserve Bank of Australia has left the official cash rate unchanged at 1.5% for the 27th consecutive time. The RBA continues to balance the positive parts of the economy including strong infrastructure spending, increased export earnings and 5% unemployment with some of the negative […]

Keep Competition Alive

AFG has launched a campaign designed to highlight to Australians and our key policy makers the important role mortgage brokers play in providing competition to the big four lenders. This campaign focuses on the many benefits competition brings in providing choice to borrowers and keeping downward pressure on interest rates.  The competitive tension delivered by […]

Deflection reeks of self-interest

AFG has today called for the customer to be first and foremost in the debate on mortgage brokers and the big banks. AFG Chief Executive Officer David Bailey has urged a careful and considered approach to policy settings preserving the best possible competitive arrangements as big banks seek to consolidate lending back to their branches. […]

Reserve Bank of Australia has decided to leave official cash rate unchanged at 1.5%

As the nation stops to enjoy today’s Melbourne Cup, the only sure bet of the day was that the Reserve Bank of Australia would leave the official cash rate unchanged at 1.5% for the 27th consecutive time. Rates remain on hold while the RBA assesses domestic factors including slow economic growth, falling house prices and […]

Business SMART – it’s SMART business

The Australian broking landscape is changing. We’re seeing an unprecedented shift in AFG brokers broadening their capabilities to offer commercial finance. With brokers having less than 10% of the market, it’s no surprise commercial finance provides the largest opportunity for business growth. It’s time to get cracking and make your mark in this space. Commercial […]

AFG WA Broker Excellence Awards 2018

The 2018 WA Broker Excellence Awards were held on Friday, 31 August at a cocktail reception held at the beautiful State Theatre of Western Australia. Brokers, partners, lenders partners and the AFG team gathered together to celebrate broker excellence. We would like to take this opportunity to again congratulate all of our award finalists and […]

AFG 2018 Victorian Annual Awards

The 2018 Victorian annual awards function held on the 23rd of August was a great success. We would like to take this opportunity to congratulate all of our award finalists and ultimate winners in each category for the 2018 year. Looking back it has been an amazing year for us all, plenty of changes in […]

The Value of Mortgage Broking – Deloitte Access Economics report

Today, the Mortgage Broking Industry Group* (MBIG) has launched The Value of Mortgage Broking, a report by Deloitte Access Economics. This report demonstrates the value that our industry brings to consumers, lenders and the Australian economy, by driving competition and delivering greater choice and valuable services to the Australians who need them most. The Value […]

Meet Pipeline, your newest broker software

Pipeline is your new broker workflow management software we’ve been designed in collaboration with our brokers, for our brokers. Pipeline brings you the software you need to keep track of your prospects, manage your loan applications and pre-set your activity plans to enable outstanding customer service. Opportunities start with Pipeline The customer card view in […]

The new Facebook algorithm update and what it means for your business

Earlier this month, Mark Zuckerburg, co-founder and CEO of Facebook, announced the latest update to Facebook’s algorithm, which will result in changes to the content that users are presented with on their news feed. Originally intended to be a social platform whereby users can interact and communicate with their friends and family, Facebook more recently […]

AFG VIC State Christmas Celebrations 2017

2017 has been an eventful year for the broking industry, and with the year coming to an end, it’s time to take a step back and reflect on the achievements and challenges experienced by our state team and members. Earlier this month, approximately 300 of our brokers in VIC, and AFG state office staff celebrated […]

AFG SA State Christmas Celebrations 2017

2017 has been an eventful year for the broking industry, and with the year coming to an end, it’s time to take a step back and reflect on the achievements and challenges experienced by our state team and members. Earlier this month, our SA brokers and AFG state office staff celebrated the successes of the […]

AFG WA State Christmas Celebrations 2017

With the end of 2017 fast approaching, it’s a time to reflect on the achievements and challenges throughout the year for our state team and members, and head into 2018 with optimism and passion for the industry we’re part of. Last week, approximately 350 WA brokers and AFG head office staff celebrated the successes of […]

AFG QLD State Christmas Celebrations 2017

The broking industry faced several challenges this year, but with the end of 2017 fast approaching, it’s time to reflect on the achievements of our team and re-charge ready for a successful 2018. Earlier this month, we celebrated the year with our brokers and AFG state office staff in several locations across QLD and NT: […]

Training Update – December 2017: Curating Content for Social Media

A few months ago we sent you our first training module in a series of learning and development topics aimed to educate and help future proof your business. That module was based on commonly asked questions of our marketing team regarding social media. We hope you found the Introduction to Social Media training video of interest. What training we have coming up The […]

Dr Catriona Wallace, Flamingo – AFG National Broker Conference 2017

Speaking at our National Broker Conference earlier this year, Dr Catriona Wallace, Founder and CEO of FinTech company Flamingo, highlighted the key customer experience trends. Catriona provided our brokers with practical, useful actions related to navigating this new paradigm. Customer experience has moved beyond personalisation to individualisation – where customers not only want a personalised offer […]

Women in Broking: Amber Linzner, AKL Finance Group in Victoria

Last, but by no means least, in our Women in Broking series, we interview Amber Linzner, Founding Director and Senior Mortgage Advisor of AKL Finance Group, in Melbourne, VIC. What inspired you to pursue a career as a mortgage advisor? When I started as a mortgage advisor’s personal assistant 11 years ago my aim was […]

Cosi De Angelis, ANZ – AFG National Broker Conference 2017

Cosi De Angelis, General Manager Commercial Origination at ANZ spoke about cybercrime at our AFG National Broker Conference this year. With business and consumer interactions moving to digital formats, there is a world of opportunities before us. Unfortunately, this also brings increased risks and vulnerabilities for organisations regardless of their size. Digital development is making it […]

David Bailey, CEO of AFG – AFG National Broker Conference 2017

David Bailey joined AFG back in 2004, becoming our Chief Executive Officer in the inaugural year of our National Broker Conference 2017. It seems fitting his speech would, therefore, be titled The industry today, the industry tomorrow, and the importance of championing competition. The mortgage broking industry has much to be confident about and much to celebrate, […]