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 […]

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. It’s no surprise, the commercial lending market is worth $39 billion per month, and yet brokers have volumes  below 10% of the market. It’s time to get cracking and make your mark in this […]

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 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, […]

Women in Broking: Katrina Rowlands, Mortgage Success in New South Wales

Following in our Women in Broking series, we interview Katrina Rowlands, director of Mortgage Success, in Wollongong, NSW. What inspired you to pursue a career as a mortgage advisor? The fact that I could self-manage my time, as a broker, and self-manage my success really appealed to me. I had been told in my previous […]

AFG announces new referral arrangement with Lifebroker

Australian Finance Group (ASX:AFG) is pleased to announce the appointment of Lifebroker to AFG’s life insurance referral program. The new arrangement will make it easier for AFG’s 2850 brokers to offer life insurance referrals to clients, providing them with a wide choice of options for their needs from Lifebroker’s range of comprehensive life insurance products. […]

Women in Broking: Peta Siebert, Avenue Financial in Victoria

Following in our Women in Broking series, we interview Peta Siebert, General Manager of Avenue Financial, in Melbourne, VIC. What inspired you to pursue a career as a mortgage advisor? My role is a little different to a Mortgage Advisor I am now the General Manager and Partner for a sub-origination Mortgage Broking business partnered […]

Women in Broking: Marissa Schulze, Rise High Financial Solutions in South Australia

Following in our Women in Broking series, we interview Marissa Schulze, Director and Mortgage & Finance Adviser of Rise High Financial Solutions, in Adelaide, SA. What inspired you to pursue a career as a mortgage advisor? Before becoming a mum I was working in Commercial Banking. I loved my job but once I became a […]

Awarding our Victorian Brokers

Thank you to everyone who attended the AFG Victoria 2017 Awards Night on Wednesday 19th July at Showtime Events Centre. We would like to take this opportunity to congratulate all of our award finalists and ultimate winners in each category for the 2016/17 year. It has been an amazing year for us all, plenty of changes […]

Women in Broking: Bridget Headland, Vision Money in Queensland

In the first of our Women in Broking series, we interview Bridget Headland, founder and director of her own financial brokerage, Vision Money, operating in Darwin and Brisbane. What inspired you to pursue a career as a mortgage advisor? I worked within the finance industry, a different role to start with and then I was […]

Women in Broking

We’ve got some big numbers on our books with over 2,850 brokers around the country. And it’s no surprise we attract some of the best names in the business, brokers we’re so proud to see grow year after year. One particular number we’re super keen to see growing is the number of female brokers we […]

Compliance training

We pride ourselves on being at the cutting edge of industry and regulatory change and take even greater pride in protecting our brokers’ business and reputation by ensuring best practice in all we do. We are continuously working to integrate and automate compliance as much as possible via FLEX. These improvements are there to help […]

Broker Fact Find

Are you taking full advantage of Broker Fact Find to do the legwork to help you speed up a deal? Broker Fact Find is your online customer tool that lets your customer take care of the data entry basics at a time and place that suits them. It helps streamline the application and approval process […]

WA State Awards Event 2017

Last week celebrated the success of our WA AFG brokers at our 2017 State Awards event. These awards are a time to recognise and reward those WA members who are leading the way and who, despite tough conditions, have achieved success and great consumer outcomes this past financial year. We would also like to acknowledge […]

Mortgage brokers provide competition and choice for consumers

With mortgage brokers now responsible for more than 52% of home lending flows, Australian consumers are clearly indicating a high level of comfort with the service they receive. Today’s results are a testament to our focus on maintaining a strong core broking business, which continues to provide essential competition in the lending market and a […]