In a sign of renewed commitment to the broker channel, major lenders have taken back control from the non-majors with a lift in market share across the last month according to the latest AFG Competition Index. After a low of 63.39% in June 2017, the majors have risen each month to round out the quarter […]

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 […]

Australian Finance Group (ASX: AFG) today reports a net profit after tax (NPAT) of $30.2 million for the 2017 financial year (FY2017). This excludes the impact of the recognition of AFG Home Loans (AFGHL) white label settlements relating to prior years (normalised NPAT). This is slightly ahead of the result forecast in our profit upgrade […]

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 […]

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 […]

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 […]

The Board of Australian Finance Group (ASX:AFG) is pleased to announce that Mr David Bailey, AFG’s current Interim CEO, has today been appointed as the Company’s Chief Executive Officer. In announcing the appointment, AFG Chairman Tony Gill commented that following a review of the market it was clear that David, who has been acting in […]

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 […]

First home buyers step up AFG (ASX: AFG) has today reported promising signs in the first home buyer (FHB) market as the 17 year old scheme, introduced to offset the effect of the GST on home ownership, receives a shake up. The national First Home Owner Grant (FHOG) scheme funded by the states and territories […]

The world of finance may have traditionally been thought of as a male-dominated industry, but that has clearly been changing in the past few years. A clear example of this is our South Australian team; a small team of three, and an all-female team. An all-female team not by design, but a team that has […]

Major lenders slide Australia’s major lenders have again taken a hit as the non-majors continue to appeal to those seeking to finance a home. The latest AFG (ASX:AFG) Competition Index shows the majors’ share of the market dropped again to 65.25% to continue the trend of the last six months. The recent political spotlight on […]

Australian Finance Group (ASX: AFG) today announced that after more than 23 years with AFG, CEO and Managing Director Brett McKeon will step back from his full-time executive role. Mr McKeon will remain on the AFG board as an executive director with a focus on advocacy and support of AFG’s broker network and their customers […]

Tale of two seaboards AFG (ASX: AFG) has today released the AFG Mortgage Index for the final quarter of the calendar year 2016. The data shows year on year growth in lodgement volume for the company of 9.9%. AFG Chief Operating Officer David Bailey explained the results. “2016 saw the eastern seaboard lead the way […]

Refinancers flock to non-majors AFG (ASX: AFG) today reported a jump in the number of Australian mortgage holders looking to leave the country’s major lenders.  Following on from the previous quarter, consumers refinancing their home loans have again turned their backs on the major lenders in their search for savings, according to the latest AFG […]

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 […]

Loans lift as new financial year gets underway Australian Finance Group (ASX: AFG) has today released its Mortgage Index for the first quarter of financial year 2017. AFG’s overall loan lodgement volume recorded a lift of 8% from the first quarter of the 2016 financial year to be sitting at a record $15.19 billion. AFG […]

Refinancers shop around Australians refinancing their home loans have turned to the non-majors in the past three months in their search for savings, according to the latest AFG Competition Index. AFG General Manager of Sales and Operations, Mark Hewitt explained the shift. “The non-majors have increased their share of the refinancing market from 31% to […]

Further evidencing its push into the commercial broking market, AFG (ASX: AFG) today announced the expansion of its management team with the appointment of the well credentialed industry figure Keiran Evans to the newly created role of General Manager Commercial. Mr Evans joins AFG from ANZ where he was most recently head of third party […]

Australian Finance Group (ASX: AFG) reports a net profit after tax (NPAT) of $22.6 million for the 2016 financial year (FY2016), approximately 15.1% ahead of Prospectus forecast of $19.7 million and an increase of 48% compared with $15.3 million from continuing operations in FY2015. Increased profit was underpinned by increased sales of AFG branded products, […]

We are very proud to share with you the awards received by AFG at the recent Australian Broking Awards. AFG was awarded Technology Platform of the Year and Broker Marketing Platform of the Year. Our investment in technology is one of our key business differentiators and one of the key reasons behind our growth in […]

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 […]

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 […]

Majors the victors with fixed rates the weapon of choice The majors have made their move in a bid to squeeze out their competitors with a targeted push for fixed rate market share. After a soft start in March with 64.2% of the fixed rate market, the major lenders pushed hard to lift their share […]

Australian Finance Group (ASX: AFG) has today released its Mortgage Index for the first three months of 2016. The quarter saw a greater proportion of home loan customers continue to take advantage of low rates by fixing their home loans. The start of calendar 2016 has seen lending for fixed rate products peak at 17.7% […]

Media Release: AFG (ASX: AFG) is pleased to announce the appointment of two new non-executive directors to the board. Ms Melanie Kiely and Ms Jane Muirsmith have been appointed as non-executive directors with the full support of the AFG Board. Ms Kiely and Ms Muirsmith bring with them a wealth of experience from across the […]

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 […]

Which bank takes the lion’s share? AFG (ASX:AFG) has today reported a surge in business heading to one of the country’s biggest lenders as the majors flex their balance sheet muscle to win back market share in a very competitive home lending market. The latest AFG Competition Index shows that the majors have again outrun […]

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) […]

In a show of support, AFG held a fundraiser allowing staff to generously donate to those who suffered losses in this month’s Yarloop tragedy. We were very proud to see many staff contributing their baking skills as well as the high level of donations. AFG will generously match every dollar donated by staff. You can […]

HOMEOWNERS STEP UP AS INVESTORS EXIT Australian Finance Group (ASX: AFG) has today released its Mortgage Index for the final quarter of 2015. Investors have continued their retreat from the market with the latest figures showing investor lending had fallen from 40% of total loans processed early in the calendar year to 31% in the […]

Non-Majors strike back The AFG Competition Index for the last quarter of 2015 shows that non-major lenders have made up ground after a punishing few months for the challenger sector. AFG General Manager of Sales and Operations said the recent turnaround had been dramatic. “We have been through a period of uncertainty and this has seen […]

AFG (ASX: AFG) is expanding its management team with the appointment of its Chief Financial Officer David Bailey to the newly created role of Chief Operating Officer.  This appointment will assist in fast tracking some of the growth opportunities which AFG have been examining, whilst still retaining his skill set in the business. Mr Bailey […]

Australian Finance Group (ASX: AFG) Mortgage Index has today reported the total value of home loans processed by AFG brokers for the September 2015 quarter was $14.161B, an increase of nearly 16% on the same period last year. Brett McKeon, AFG Managing Director outlined the result: “A key driver of the strong result was activity […]

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 […]

Majors come out swinging The latest AFG Competition Index shows the majors hit back hard as the market showed signs of uncertainty due to regulator enforced changes to lender policy and pricing. During June, major lender market share fell to 69% but the trend was quickly reversed in July and August as lenders started to […]

Today Bank Australia and AFG announced a partnership to provide consumers looking for home loans through brokers with another option. According to Bank Australia’s Chief Operating Officer, John Yardley, Bank Australia wants to be the preferred choice for brokers looking to offer their customers a competitive alternative to the major banks. “AFG prides itself on […]

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 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 […]

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 […]

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’s fourth annual Commercial and Equipment Finance Conference in Melbourne has just come to a close. Top AFG commercial and equipment finance brokers from across the country came together with lender partners and AFG staff for two days of conferencing and along the way raised $11,715 to support a very worthy cause. Mark Hewitt, AFG […]

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 […]

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. […]

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 […]

Australian Finance Group (ASX: AFG) (AFG), is pleased to announce it has been admitted to the Official List of the Australian Securities Exchange (ASX) and that its ordinary shares will commence trading on a deferred settlement basis at 10.00am (WST) today. AFG shares are expected to commence trading on the ASX on a normal settlement basis on 26 May 2015. […]

Australian Finance Group Ltd (AFG) today successfully completed the institutional bookbuild for its initial public offer (IPO) and is anticipated to be listed on the Australian Securities Exchange on 22 May 2015. The Final Price for shares acquired under the IPO was determined at the conclusion of the bookbuild and has been set at $1.20 per Share. AFG […]

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 […]

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 […]

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 […]

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 […]

Australia’s largest mortgage broker has appointed Chris Slater, former Head of Sales and Operations for the own label division, to the role of General Manager AFG Home Loans. Chris has been with the organisation for eight years starting out as a National Account Manager and then moving to the role of State Manager for NSW/ACT in […]

‘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 […]

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 […]

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 […]

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, […]

Refinancing surges: borrowers bet on rate cut The proportion of home loan borrowers changing mortgage arrangements surged to 37.3% of all new mortgages in December, the highest level since March 2012 according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that refinancing rose over the last quarter of 2014 from 33.5% of all […]

AFG, Australia’s largest mortgage broker, passed a milestone today as its loan book hit the $100 billion mark. AFG may not have the public profile of competitors with a retail presence or an ASX-listing, but its loan book makes it comfortably the largest mortgage broker in Australia – 50% bigger than its nearest rival – […]

Only 1 in 50 NSW borrowers a first home buyer – latest figures The proportion of first home buyers in NSW fell to its lowest ever level last month with fewer than 1 in 50 new borrowers (1.9%) being first home buyers. First home buyers also fell to their lowest ever level in Victoria and […]

1 in 3 home loan borrowers refinance with non-major lenders 34% of borrowers who refinanced their home loans last month did so using a non-major lender according to AFG, Australia’s largest mortgage broker. AFG’s quarterly Competition Index shows that non-major lenders are strongest among borrowers seeking to refinance (as opposed to other borrower types – […]

Record high for home loans in October Investment loans ease – but first home buyers at lowest levels ever AFG, Australia’s largest mortgage broker, processed more home loans last month than at any time in its twenty one year history, according to figures published today. AFG Mortgage Index shows that the company processed a total […]

Investors drive demand for home loans to record high – September data First home buyers fall to record low. Strong demand from investors drove the overall number of home loans processed to a record high in September, according to AFG, Australia’s largest mortgage broker. Last month the company processed a total of $4.3 billion in […]

FIRST HOME BUYING PLUNGES TO 4 YEAR LOW – LATEST AFG MORTGAGE INDEX Fewer mortgages were arranged for first home buyers last month than at any time in the past four years according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that loans for first home buyers comprised only 9.5% of all mortgages processed […]

VICTORIA EMBRACES BROKERS AS HOME LOANS SURGE TO RECORD HIGH – LATEST AFG MORTGAGE INDEX Demand for mortgages from brokers surged to an all-time high last month in Victoria according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index, published today, shows that the company processed $1,09 billion in home loans for Victoria in July […]

Non-major lenders struggle for share of competitive home loan market Non-major lenders have struggled to increase their collective monthly average of 25% of all home loans processed during the last financial year according to AFG Australia’s largest mortgage broker. AFG’s quarterly Competition Index, published today, reveals that the collective market share of non-major lenders was […]

INVESTOR ACTIVITY HEATS UP IN QLD AS NSW COMES OFF ALL TIME HIGH: LATEST MORTGAGE DATA Investor activity is heating up in Queensland as it comes off unprecedented levels in NSW, according to AFG, Australia’s largest mortgage broker. AFG’s latest Mortgage Index, published today, shows that the proportion of mortgages arranged for investors rose from 33.5% […]

RECORD INVESTMENT ACTIVITY DRIVES MORTGAGE VOLUMES TO ALL TIME HIGH: MAY FIGURES Record demand for investment mortgages, comprising 40% of all new home loans, saw AFG, Australia’s largest mortgage broker, process an unprecedented $4.2 billion in mortgages last month. While investor activity has been very strong for most of 2014, May was the first month […]

Financial services company AFG marks a significant milestone this month as it celebrates 20 years in business. Founding Directors Brett McKeon, Malcolm Watkins, Kevin Matthews and the late Bradley McGougan began the business in an office in the Perth suburb of Subiaco so small the photocopier needed to be wheeled in and out each day so […]

INVESTMENT ACTIVITY IN QLD SURGES: LATEST MORTGAGE FIGURES The proportion of property investors in QLD surged last month to comprise 38% of all new home loans processed in the state – up from 32% in February this year according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index, published today, shows that investor activity […]

Non-major lenders take 32% of first home buyers – but struggle for overall home loan share Non-major lenders’ share of first home buyer loans rose to a high of 31.7% last month according to AFG, Australia’s largest mortgage broker. But in a highly competitive market, non-majors are struggling to make serious inroads into the hold of major lenders, […]