Cash rate update for May 2025
In welcome news for mortgage holders across the country, the Reserve Bank of Australia (RBA) has today decided to decrease the cash rate by 0.25% to 3.85%. This move reflects the RBA’s growing confidence that inflation is coming under control. Most notably, trimmed mean inflation for the March 2025 quarter came in at 2.9%, officially […]
AFG successfully prices A$700 million Non-Conforming RMBS transaction
Australian Finance Group Ltd (ASX: AFG) wholly owned subsidiary AFG Securities Pty Ltd (AFG Securities) has priced an upsized A$700 million Residential Mortgage-Backed Securities (RMBS) issue. This latest Non-Conforming RMBS transaction, AFG 2025-1NC, was upsized from A$500 million to A$700 million. AFG Chief Executive Officer David Bailey said the transaction was well supported with a […]
AFG completes acquisition of Fintelligence
Australian Finance Group Limited (ASX:AFG) has today announced the completion of the acquisition of the remaining 16.7 per cent stake in leading asset finance aggregator, National Finance Alliance Pty Ltd, trading as Fintelligence. The combined AFG group has recorded asset finance settlements of more than $3.3 billion in the past 12 months. Growth since acquisition […]
AFG to acquire equity stakes in broker businesses
AFG is evolving its service offering, maintaining its position as the market leading partner of choice for brokers. Australian Finance Group Limited (AFG) has today announced that it will become the first Australian mortgage aggregator to acquire non-controlling equity stakes across its network of mortgage broking businesses. AFG Chief Executive Officer David Bailey said the […]
AFG Launches BrokerEngine Plus
AFG turbocharges technology platform – setting a new standard in broker efficiency Australian Finance Group Ltd (AFG) has today unveiled BrokerEngine Plus, a powerful new broker platform, developed exclusively for its network of more than 4,000 mortgage brokers. The platform offers a long list of features designed to improve the experience for brokers and their […]
AFG marks 30-year milestone as mortgage broker industry hits record high
AFG marks an important milestone celebrating 30 years in business. AFG’s breakout into the market effectively led the mortgage broking industry to become the competitive and diversified lending market we know today. Founded by Directors Brett McKeon, Malcom Watkins, Kevin Matthews and the late Bradley McGougan in September 1994, they helped create choice for millions […]
Records broken as Australians make a move
Homebuyers across the country are turning to brokers for help as house prices continue to rise and low availability bites. Australian Finance Group Ltd (ASX: AFG) brokers lodged more than $24 billion in home loans for the first quarter of FY25, the highest Q1 lodgement volume on record and the highest since the second quarter […]
Meet our all-female team of State Managers
In an industry where female representation is too low (only about 25% of Australia’s brokers are women), AFG is proud that all five of its State Sales Heads are female. As influential role models, our amazing all-women sales leadership team will no doubt help further inspire potential and existing female brokers, helping them feel supported, […]
The Australian Broking Awards 2024 Finalists
Congratulations to all of our members for being finalists in this year’s Australian Broking Awards! Your hard work and dedication have truly paid off and we couldn’t be prouder. We’re so excited to cheer you on at the awards night. Community Engagement Program of the YearAussiewide Financial ServicesBirdie WealthMynt Financial Customer Service of the Year […]
Cash rate update for August 2024
The Reserve Bank of Australia (RBA) has just announced a hold on the cash rate of 4.35% at today’s meeting. With the June 2024 quarter Consumer Price Index (CPI) coming in slightly lower than some expected at 3.8% and monthly unemployment rising to 4.1% in June 2024, this decision reflects the RBA’s cautious approach and […]
