Australian Finance Group acquires strategic interest in Thinktank

Australian Finance Group Limited (ASX: AFG) is pleased to announce that it has entered into a binding agreement to make a strategic investment of 30.4% (fully diluted) of Think Tank Group Pty Ltd (“Thinktank”) for $10.9 million in cash consideration. In connection with the investment, AFG will distribute a white label Commercial Property product through […]

Competition vital for all mortgage holders. Mortgage Index – April 2018

The release today of the AFG Mortgage Index (ASX:AFG) highlights that the ongoing regulatory intervention into the sector is potentially stifling growth in mortgage applications. Further growth in non-major market share reinforces an increasing appetite for these lenders and highlights the vital role mortgage brokers play in enabling these lenders to compete. AFG Chief Executive […]

Mortgage brokers shopping around for their clients. Competition Index – March 2018

The release today of the AFG Competition Index shows the flow of business to lenders has once again been volatile, highlighting evidence that mortgage brokers are the only ones equipped to provide Australian borrowers with a complete picture of the many lending options available to them. AFG General Manager Broker & Residential, Mark Hewitt explained […]

What’s happening at AFG?

Monthly BBQs at Perth’s Ruah Centre As part of our ongoing commitment to give back to the community, AFG engage in numerous volunteering and charity work throughout the year. From Christmas gift donations through the Kmart wishing tree initiative, and providing female hygiene products and everyday essentials for homeless women via the #itsinthebag campaign, to […]

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. […]

Regulator activity begins to bite: Mortgage Index – October 2017

AFG’s latest Mortgage Index results released today shows that major structural change in the Australian lending landscape is continuing. “Today’s results paint a very different picture from this time last year,” said AFG CEO David Bailey. “Regulator-led tightening of investor lending has led to a further drop in investor volume and they are now sitting […]

AFG successfully completes $350 million RMBS issue

Australian Finance Group (ASX:AFG) has today priced its AFG 2017-1 Trust Residential Mortgage Backed Securities (RMBS) issue. AFG Chief Executive Officer David Bailey said this latest transaction is the largest term deal AFG has undertaken. The securitisation program is an important contributor to the company’s overall growth strategy. We are delighted to see the success […]

Are you our next CIO?

We are searching for a strategic thinker, experienced in driving businesses to achieve their objectives, to join our innovative, entrepreneurial and collaborative business. AFG is a publicly listed financial services business with over 2,850 mortgage brokers and over 45 lenders on our panel. Our business thrives on the development and activation of new technologies enhancing […]

AFG Mortgage Index – June Quarter 2017

Non-majors and fixed rates in favour Australian Finance Group (ASX: AFG) has today released the AFG Mortgage Index for the final quarter of the 2016/17 financial year. AFG CEO David Bailey welcomed the news that the non-major share of the market is now at 35%. “Significant structural change to the lending market brought about by […]

Competition Index – June 2017

Non-majors step up Data out today would suggest Australians are testing the competitiveness of the lending market with AFG data showing the non-major lenders picking up nearly 35% of the market, according to the latest AFG Competition Index. AFG General Manager of Sales and Operations, Mark Hewitt said the data reaffirms the value the mortgage […]

AFG asks ACCC to keep an eye on banks

AFG has today asked the regulator to keep a watchful eye on the big banks to ensure they do not use the Government’s recently announced major bank levy and their own Australian Bankers’ Association (ABA) Retail Banking Remuneration Review as a justification to implement changes designed to reduce the financial viability of providing broking services […]

AFG successfully completes $300m RMBS issue

Australian Finance Group (ASX:AFG) has today priced its AFG 2016-1 Trust Residential Mortgage Backed Securities (RMBS) issue. AFG Chief Operating Officer David Bailey said the securitisation program is an important contributor to the company’s overall growth strategy. “To execute a transaction under the terms achieved, in a market which has been relatively volatile in 2016 […]

AFG announces strategic alliance to expand small business financing in Australia with FinTech provider Biz2Credit

Australian Finance Group (ASX: AFG), one of Australia’s largest providers of mortgage broking services, today announced its strategic alliance with Biz2Credit Inc. (Biz2Credit), a leading international Financial Technology (FinTech) company. The exclusive agreement will enable AFG brokers to deliver an innovative lending experience for small businesses in Australia. AFG will leverage Biz2Credit’s patented analytics and […]

AFG Mortgage Index – June Quarter 2016

Homebuyers on the lookout for savings as financial year wraps up Australian Finance Group (ASX: AFG) has today released its Mortgage Index for the final quarter of financial year 2016. AFG’s overall loan volume grew by 7% for the full financial year driven by varying results around the country. AFG General Manager Sales and Operations […]

My Broker My Choice

With the current broker remuneration review underway, AFG has created a website, MyBrokerMyChoice to gather feedback to help inform the current debate and to spread the word on the importance of the sector to consumers. AFG is now opening it up to the rest of the industry and we will be collating a petition and […]

AFG delivers positive first half operating results

AFG (ASX: AFG) has today announced its financial results for the first six months of FY2016. Today’s results show the company’s continued strength and capacity to deliver solid profit results through increased settlements, improved securitisation margins and growth in the company’s own-branded products. AFG has reported a 2016 half year net profit after tax (NPAT) […]

Appointment of Malcolm Watkins to MFAA Board

The Mortgage & Finance Association of Australia (MFAA) announces the appointment of Malcolm Watkins as an Additional Director to the MFAA Board. This appointment will commence in November 2015. The Mortgage & Finance Association of Australia (MFAA) announces the appointment of Malcolm Watkins as an Additional Director to the MFAA Board. This appointment will commence in November […]

AFG expands white label suite

Leading mortgage broker AFG (ASX:AFG) today announced it has secured a new white label agreement with Macquarie Bank. AFG Managing Director Brett McKeon said the agreement will see a new product range, AFG Home Loans ICON, added to AFG’s existing white label offering. “AFG has been working solidly for the past 18 months to bolster […]

Queensland Police Credit Union partners with Australia’s largest mortgage broker group

QUEENSLAND POLICE CREDIT UNION LIMITED (QPCU) HAS ANNOUNCED IT WILL BE PARTNERING WITH AUSTRALIAN FINANCE GROUP (AFG), BECOMING ONE OF THE ONLY QUEENSLAND BASED MUTUALS ON ITS PANEL. QPCU Sales and Distribution Executive Manager Lee Slattery said he saw AFG and its brokers as key partners that will be essential to providing QPCU’s lending products […]

Ex-AFL legend now a star on a new playing field

A household name when it comes to football, premiership winning player and former Port Adelaide club captain Dom Cassisi is now creating a name for himself as the rising star in the finance industry, helping householders across South Australia find the right finance. At AFG’s High Achievers Gala Dinner on Saturday night Dom took out the […]

AFG adds Prospa to its business lending panel

Australia’s largest mortgage broker, Australian Finance Group (AFG), has added Australia’s largest online business lender Prospa to its lending panel. AFG Managing Director Brett McKeon said the company will promote Prospa’s small business loans through its 2,300-strong broker network. Mr McKeon said the agreement with Prospa continues AFG’s commitment to ensuring its member brokers have […]

AFG Mortgage Index – July 2015

AFG, Australia’s largest mortgage broker, announced a record-breaking volume of $5.1 billion in mortgages processed for the month of June – up 34.5% on June 2014, and 1.7% on last month. This is also AFG’s second highest month ever after achieving volume of $5.2 billion in March this year. While overall mortgage figures continue to be buoyant, the […]

AFG congratulates departing director John Atkins

The AFG (ASX:AFG) board today congratulated long-standing non-executive director John Atkins on his appointment to the role of Western Australia’s Agent General, based in London. Mr Atkins proposes to resign from the AFG board effective 31 August 2015 to take on his new role. AFG Chairman Tony Gill praised Mr Atkins’ contribution to the organization. […]

AFG Mortgage Index – June 2015

Record-breaking May for mortgages as refinances increase: AFG Australian Finance Group (ASX: AFG) has today released its monthly mortgage index for May 2015. A surge in the number of borrowers looking to refinance their mortgages saw the total home loans processed last month by AFG rise to a record-breaking May. AFG processed a total of $5,017 million during […]

AFG Competition Index – April 2015

Major mortgage lenders have succeeded in winning back market share of new home loans which they lost during the closing months of 2014, according to new data published today by AFG, Australia’s largest mortgage broker. AFG’s Competition Index shows that the overall 67.7% of loans processed for major lenders last December, which represented an all-time […]

Mortgage Index – May 2015

Record for the month of April driven by Melbourne & Sydney property investment The housing market’s strong 2015 performance continued during April with AFG processing total mortgages of $4,380 million for the month. This compares with $3,674 million in April 2014 and is a record for the month of April. In keeping with seasonal trends, the figure is […]

AFG lodges prospectus with ASIC

Australian Finance Group Ltd (AFG or the Company) today lodged a prospectus (the Prospectus) with the Australian Securities and Investments Commission (ASIC) for an initial public offer (IPO) and listing on the Australian Securities Exchange (ASX). The IPO is expected to raise between A$121.3 million and A$140.1 million, based on an indicative price range of A$1.20 […]

Mortgage Index – April 2015

Biggest month for mortgages in 21 years: March figures AFG, Australia’s largest mortgage broker, processed $5.2 billion in mortgages last month – the biggest volume in any single month for the company in its 21 years in business. The $5.2 billion figure represents a 29% increase on March last year. It equates to a total […]

Mortgage Index – March 2015

‘Super Wednesday’ for mortgages as sales surge: February figures But investor figures remain steady. Mortgages processed last month by AFG, Australia’s largest mortgage broker, surged 58% higher than in January, and 16% higher than in February 2014 according to figures published in today’s AFG Mortgage Index. The $4.3 billion of mortgages processed in February included […]

Mortgage Index – February 2015

Massive home loan grab by big banks: January figures Major lenders grabbed an additional 7.4% of the home loan market in January, a huge gain for a single month, bringing the total mortgages processed for them to 74.9% of all loans according to AFG, Australia’s largest mortgage broker. The additional 7.4% represents around $206 million […]

AFG Competition Index – January 2015

Non-major lenders grab unprecedented 41% of refinancing loans Non-major lenders wrote 41.4% of all new refinancing loans in December according to AFG, Australia’s largest mortgage broker. This is the highest proportion of home loans nonmajors have achieved in any home loan category since the GFC. AFG’s quarterly Competition Index shows that non-major lenders increased their share of refinancing […]

Alleged mortgage fraud not connected to AFG

Australian Finance Group (AFG) was first made aware of an ASIC investigation regarding Mr Aizaz Hassan through media reports on 6 January 2015. Allegations against Mr Hassan relate to his employment with Myra Financial Services from 2008 to 2011. Myra Financial Services has no affiliation with AFG. Mr Hassan was later employed at Cigna Financial, […]