ASX Announcements
Market Sensitive
AFG 2024 AGM Address to Shareholders
Company Presentation, Web Casts, Chairman's Address to Shareholders
- Oct 18, 2024
- 39 pages
Notification regarding unquoted securities - AFG
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Sep 30, 2024
- 6 pages
Notice of General Meeting/Proxy Form
Notice of Annual General Meeting, Proxy Form, Web Casts, Letter to Shareholders
- Sep 16, 2024
- 22 pages
February
CommSec MD Richard Burns quits, CBA exec James Fowle to takeover
The managing director of the country’s largest stockbroker, Commonwealth Bank’s CommSec platform, has told the company that he will resign at the end of June.
- Lucas Baird
June 2023
Non-bank lenders Pepper and Liberty to challenge on mortgages: Citi
Investor concerns about rising mortgage losses and higher funding costs for ASX-listed, non-bank lenders may be overly pessimistic, says a leading bank analyst.
- James Eyers
April 2023
Medcraft opens new front in war against the big four banks
Former ASIC chairman Greg Medcraft says a Canadian-style financing model he promoted 15 years ago will create more competition in the mortgage market.
- Jonathan Shapiro
- Opinion
- Banking products
The banking oligopoly feels ‘safe’, but it’s bad for customers
To sustainably strengthen competition from non-majors and non-banks, it’s time to supplement the private RMBS market with a publicly supported RMBS scheme.
- Greg Medcraft
August 2022
Tic:Toc to launch mortgage broking using AFG lender network
Falling house prices, cutthroat competition in digital mortgages from banks and the looming refinancing wave is set to shake up the mortgage broking industry.
- James Eyers
June 2022
- Opinion
- Property prices
Aussie house prices could fall more than 30pc
New research shows that house prices could fall more than 30 per cent if the Reserve Bank of Australia meets the market’s interest rate expectations.
- Christopher Joye
September 2021
- Updated
- Executive shake-up
Greg Medcraft to battle banks at AFG
The former chairman of Australia’s corporate regulator has joined the board of one of the country’s top mortgage brokers.
- Michael Roddan
January 2021
Small cap investors wary on tech in 2021
Small-cap investors look beyond tech for returns, particularly taking an interest in stocks that will likely perform well as people return to a normal life.
- William McInnes
October 2020
Android phones become payments terminals as Aussie app takes on Square
A Melbourne company has been allowed by Visa and Mastercard to turn Android phones into payments devices without the need for additional hardware.
- James Eyers
RBA 'green-lights' risk-taking in property investment
Locking in record-low rates for 'at least' three years has triggered a home loan war and could start a property bubble, but the Reserve Bank is not too worried.
- Matthew Cranston
ASX snaps seven day streak; BHP says commodity outlook 'uncertain'
The sharemarket finished lower as banks and miners offset gains by CSL and James Hardie after both raised full year guidance. Tech stocks notched up an eighth straight day of gains as Afterpay, Xero and REA closed at record highs.
- Updated
- Robert Guy, Vesna Poljak and William McInnes
November 2019
Brokers allege industry 'blacklist' should block $120m AFG merger
Mortgage brokers allege they are being excluded from industry because of "secret signalling" between product providers.
- Duncan Hughes
Developer buys site too expensive for development in Sorrento
Vendor of a developable site in prestigious Sorrento priced it high to ensure it went to a family buyer.
- Michael Bleby
September 2019
July's strong housing loan growth continues
Mortgage brokers and banks say home loan growth has kept growing into September.
- Duncan Hughes and Michael Bleby
August 2019
Reforms could slash financial advisers' income by a third
Proposed government reforms will hurt financial advisers more than mortgage brokers, who have already agreed to some changes.
- Duncan Hughes and James Fernyhough
- Opinion
- Chanticleer
There's life outside the big four
Separate ASX announcements by Bendigo and Adelaide Bank and Australian Finance Group provided some welcome news for those backing challenger finance groups.
- Tony Boyd
May 2019
Hallelujah: Brokers rejoice over Coalition win
Mortgage brokers win a reprieve after controversial policy to scuttle upfront and trailing commission is defeated.
- James Frost and John Kehoe
March 2019
Mortgages understated by 40pc: Deutsche
"APRA appears to have a data problem," say Deutsche analysts who reckon the average mortage being reported by the prudential regulator is being understated by up to 40 per cent.
- Jonathan Shapiro
April 2018
Mortgage broker AFG buys 30 per cent stake in commercial property lender
Australian Finance Group, the nation's largest broker network, is paying about $11 million cash for a 30.4 per cent share of Think Tank Group, a commercial property lender.
- Updated
- Duncan Hughes
December 2017
Banking royal commission: Kenneth Hayne adds mortgage brokers to hit list
The former High Court judge Kenneth Hayne has stamped his authority on the royal commission by asking the government to expand the terms of reference.
- Updated
- James Frost