GENERAL NEWS
BROKER Australian Finance Group (AFG) lodged $20 billion in home loans in the third quarter of the 2024 financial year, with a record number of homebuyers seeking out...
AFG recorded a 4.7% increase in lodgements on the same period in the year prior, led by Queensland with a 10.45% increase in activity, with South Australia up 13.24%...
“The AFG Index for the third quarter of the 2024 financial year has recorded an uptick in lodgements across all states on the same period last year,” said David Bailey, CEO at AFG...
“Victoria’s sluggish result is likely driven by the burden of recent land tax changes aimed at property investors in that state.”...
In February, AFG announced a 34% fall in first-half profit, with et profit after tax at $14.5 million, while distribution earnings lifted 7% to...
The AFG Index data comes as latest industry statistics released by the Mortgage & Finance Association of Australia (MFAA) found the mortgage broker market share increased to...
The major lenders’ market share continued to grow, reaching 61.7%, attributed to customers upgrading and refinancing their home loans...
“Further reinforcing Australian’s preference for variable rates, Fixed Rate volumes continued the trend of previous recent quarters and are now at an all-time astonishing low of...
The national average mortgage size is up $5,000 from the previous quarter, with the average loan size smaller in NSW and Western Australia recording the largest increase in...
“In a high interest rate environment with cost-of-living pressures impacting us all, having a trusted broker onside to guide homebuyers through their options and...