Cash rate update for September 2024
The Reserve Bank of Australia (RBA) has just announced a hold on the cash rate of 4.35% at today’s meeting. August 2024 data shows unemployment rates steady at 4.2% but this is up from a low of 3.5% in mid-2022. The US Federal Reserve reduced its interest rates by 0.50% to 4.75% last week to […]
Financial year closes with record lodgements
(ASX:AFG) Australian Finance Group Ltd brokers have finished the financial year on a high with the company recording $23,314,816,089 in mortgage finance lodged for Q4 2024. This figure represents the largest lodgement volume achieved since Q2 2022, and the largest ever recorded for a fourth quarter. AFG CEO David Bailey explained the results. “Broker activity […]
Cash rate update for June 2024
The Reserve Bank of Australia (RBA) has just announced a hold on the cash rate of 4.35% at today’s meeting. This decision reflects the RBA’s cautious approach and intention to monitor data amidst a backdrop of mixed economic indicators: The announcement to hold rates coincides with predictions from the big four banks that the RBA […]
AFG diverts 10,000 cans from landfill, raises $1000 to help rehabilitate black cockatoos
AFG in Perth has saved a whopping 10,000 cans from landfill and raised $1000 toward helping preserve WA’s treasured black cockatoos in the process. AFG’s Green Team has been collecting cans and bottles at its Perth head office since the start of 2023, returning them to the Containers for Change scheme, each earning 10c which […]
AFG Home Loans customers able to accelerate mortgage payments through shopping rewards
Customers of AFG Home Loans can now benefit directly from a new cashback scheme that could help pay down their mortgages faster and save on interest, through earning rewards on their everyday in-store and online shopping. AFG Home Loans has partnered with rewards provider Grow My Money, which has some 500 online and 1000 in-store […]
Volunteering to help homelessness through Uniting WA/Tranby Engagement Hub
AFG employees in head office have been lending a hand to those less fortunate by regularly volunteering at a major Perth crisis centre. AFG has partnered with Uniting WA, which runs the Tranby Engagement Hub in Northbridge. Tranby provides meals and other means of support including showers, counselling and referral services, for people facing homelessness […]
AFG volunteers lend manpower to Perth river foreshore greening effort
AFG volunteers have teamed up to plant more than 150 native sedges and shrubs on the Swan River in Attadale (Perth), as part of a broader community project aimed at improving the condition of foreshore vegetation and reducing erosion. This year — in May — the team from AFG’s head office in Perth donned their […]
Donating repurposed laptops to support homelessness
AFG has delivered almost 40 repurposed laptops to support people at risk of homelessness. The Surface Pro laptops – replaced as part of a standardisation program across the business – were wiped of all information, tested and cleaned, then handed over to Anglicare WA – which is part of the consortium that runs Foyer Oxford […]
AFG joins mission to end child poverty
AFG is proudly backing an important initiative to help end child poverty in Australia. This initiative has special meaning to AFG’s chief financial officer, Luca Pietropiccolo, whose father Tony is leading the passionate team driving the campaign. AFG as an organisation fully support’s this team’s work and has joined the End Child Poverty initiative, which […]
Cash rate update for May 2024
The Reserve Bank of Australia (RBA) has decided to again hold the official cash rate at 4.35%. The decision to maintain the cash rate comes after March 2024 data showed inflation remains persistently high.
