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 […]
Don’t let the spirit of Christmas drive you to the brink
Christmas is a magical time of year but it’s all too easy to get caught up in the holiday hysteria and end up spending much more than you intended on family, friends and even yourself. We’ve put together a set of tips to help you avoid breaking the bank and falling into debt, making your […]
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 […]
AFG Mortgage Index – Q1 19 – Home lending in a holding pattern
AFG Mortgage Index figures released today show the country’s lending in a holding pattern with first home buyers the only category of buyer to record an increase for the first quarter of the 2019 financial year. The volume of mortgages processed by AFG declined 2% on the prior quarter. AFG brokers lodged 27,900 mortgages during […]
Factors affecting our property prices
While prices are a product of supply and demand, it’s worth understanding the factors that sit beneath both sides of the equation. In other words, what drives supply and what drives demand? Incomes Higher household incomes, thanks largely to two-income couples, have seen Australians seek better quality housing, invest more in property and bid-up pricing. […]
The RBA has opted to leave the official cash rate on hold at 1.5%.
The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1.5% for the 26th consecutive time. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision. In making this decision the RBA looks to have balanced low unemployment, strong […]
Release of Royal Commission interim report
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was released on Friday 28th September. AFG will respond to the Commission’s call for submissions addressing the issues raised about the role of intermediaries. It is important to remember the current Royal Commission was tasked with reviewing misconduct and by its very […]
AFG NSW Broker Excellence Awards 2018
Thank you to everyone who attended the AFG NSW and ACT 2018 Awards function on Friday 24th August at Hyatt Regency. We would like to take this opportunity to congratulate all of our award finalists and ultimate winners in each category for the 2018 year. It has been an amazing year for us all in […]
