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 […]
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 […]
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 […]
AFG wins the MFAA National Aggregator Award for the second consecutive year
The MFAA Excellence Awards celebrate brokers, businesses, and industry professionals who are the best of the best each year. The Aggregator Award recognises excellence across multiple categories including broker support, professional development, technology, lender panel, broker advocacy and ethics in 2022. The national awards were the culmination of five MFAA State Excellence Awards ceremonies held […]
AFG Home Loans launches Retro Switch with low serviceability buffer
AFG Home Loans has this week launched a new mortgage product that offers a more flexible way to refinance. AFG Home Loans Retro Switch offers eligible AFG’s brokers’ customers dollar-for-dollar refinancing of a home loan, which has competitive interest rates and is assessed using a reduced 1 per cent serviceability buffer – lower than the […]
Financial year finishes on a high
(ASX:AFG) The AFG Index data released today shows the company’s network of brokers lodged $22 billion in residential mortgage finance for the final quarter of the 2023 financial year. AFG CEO David Bailey said after three quarters of consecutive falls in volume, the final quarter of the 2023 financial year lifted 15.6% on the prior […]
