RBA cash rate for March increased to 3.60%
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the tenth consecutive time, this time by 0.25% to 3.60%. Despite a slightly lower inflation figure of 7.4% in January, stronger than expected January retail sales have encouraged the RBA to remain on the increase path.
Balance Sheet strength and successful diversification delivers a resilient first half
Australian Finance Group Limited (ASX:AFG) today announced a strong start to the 2023 financial year (FY23), with the benefit of its diversification strategy evident. AFG’s own lending book grew 22% on last year, while its strategic investments performed well, contributing $5.9 million or 19% of its FY23 first half profit before tax. Amidst a well-publicised […]
RBA cash rate for February increased to 3.35%
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the ninth consecutive time, this time by 0.25% to 3.35%. Following a higher than expected inflation rate of 7.8% in December, the RBA continues to attempt to rein in inflation with this latest increase. If you’d like to have a […]
Interest rate increases put the brakes on lending
(ASX:AFG) Data released from Australian Finance Group Ltd (AFG) for the second quarter of FY23 shows home lending volumes are down 18.4% on the same period last year as rapidly rising interest rates impact the market. AFG mortgage brokers lodged $20.1 billion for the quarter with the biggest drops in activity seen on the […]
AFG calls on brokers to help tackle youth homelessness, following strong uptake of Foyer Foundation’s AFG Independence Fund
More than 140 vulnerable young Australians have in the last year been gifted much-needed support of resources such as laptops, equipment and driving lessons to support their education or employment pathways. The gifts – each worth up to $1000 – were made available via the AFG Independence Fund – available to residents of Foyers throughout […]
Pedal power
Staff at AFG’s head office in Perth have been pumping the pedals in a bid to help the planet.AFG held its inaugural Ride2Work event over the course of the week starting October 17.The event was organised by AFG’s Green Team in a bid to raise awareness about emission-friendly modes of commuting. Fourteen staff members registered […]
A walk in their shoes
As a national company with head office located in Perth, 15 head office staff members – from across a range of departments – recently met with proud Nyoongar woman Kerry Stack, at Kings Park, to learn more about her life, the Nyoongar people and culture. Ms Stack, who grew up on an Aboriginal reserve near […]
AFG staff join forces to green the ‘burbs
Staff from AFG’s head office in Perth teamed up in late September to plant thousands of native plants at a local park, just north of the Perth CBD in Mt Hawthorn.
Proud in Purple – AFG showcases support for LGBTQIA+ community
AFG staff across Australia came out in force to celebrate Wear it Purple Day on August 26, showing their support for young LGBTQIA+ People based across Australia. Although AFG supports acceptance of the LGBTQIA+ community year-round, staff donned their best purple on the day to show we stand in solidarity and celebrate our rainbow colleagues, […]
AFG commits further $600,000 sponsorship to Foyer Foundation
The Foyer Foundation is confident it can accelerate its efforts to tackle youth homelessness, after extending its partnership with Australian Finance Group Ltd (ASX:AFG) for a further three years. AFG, one of Australia’s largest networks of mortgage brokers, will provide $600,000 to the Foyer Foundation over the next 36 months, building on the $200,000 provided […]