Low interest rates and property market recovery drive renewed home loan activity
Australia’s home loan market enters 2020 with renewed confidence after new lending figures showed the low interest rate environment combined with changes to benchmark interest rate buffers have helped lock in the recovery in mortgage volumes over the past quarter. The AFG Index released today also revealed the exodus of homebuyers from the big banks […]
AFG appoints senior sales executive in NSW
AFG is strengthening its sales team with the appointment of David Vizza as State Sales Manager for New South Wales. AFG National Manager Strategic Partners and Recruitment Them Lam announced David’s appointment today: “David has more than 10 years’ experience in the finance industry and we are thrilled to have him on board. “David has […]
2020 Finalists – Better Business Awards
The Adviser announced their state-based finalists for the 2020 Better Business Awards. The awards celebrate the top performing brokers around the country and also the aggregator and lender BDMs who partner with their brokers to grow their businesses. Once again, AFG Brokers and AFG BDMs are represented in force amongst the finalists this year. We […]
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 […]
AFG appoints WA Sales Manager
AFG has today announced the appointment of Anita Lindsay to the role of Sales Manager for Western Australia. AFG National Manager Strategic Partners and Recruitment, Them Lam, said Anita’s depth of experience in business development will be a valuable asset to the AFG WA team. “Anita joins AFG from NAB and she has a proven […]
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 […]
Australian Finance Group prices $500 million RMBS issue
Australian Finance Group Ltd (ASX:AFG) has successfully priced its $500 million AFG 2019-2 Trust Residential Mortgage Backed Securities (RMBS) issue after once again receiving strong oversubscription. This is the second RMBS issue this year for AFG. AFG Chief Executive Officer David Bailey welcomed the issue. “Building on the success of the 2019-1 issue earlier this […]
RBA cash rate unchanged at 0.75%
The RBA has decided to leave the official cash rate unchanged at 0.75% as it assesses the impact of its June, July and October cuts. In making this decision not to drop rates again, the RBA will have considered strong evidence of an improving housing market, supported by rising house prices in most capital cities […]
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 […]
