The 10,000 guarantees available via the new First Home Loan Deposit Scheme have been filled or reserved, but for those who missed out there’s a second chance coming soon in July. There have been 5,500 guarantees issued under the federal government scheme, while another 4500 borrowers...
The dreaded and controversial stamp duty tax could soon be a thing of the past, with calls for it to be abolished gaining momentum. The Property Council of Australia is the latest body to add their voice to the chorus this month after both the NSW...
Promising news for SMEs this week: supply chain financing provider Greensill has given late-paying companies formal notice that it will ditch them if they continue to extend their payment terms beyond 30 days. This is good news for SMEs because cash flow problems – which are...
Here’s a bit of welcome news for mortgage holders: Australia’s record-low cash rate is likely to remain in place until 2023, according to leading economic and property experts. In March, the Reserve Bank of Australia (RBA) called an emergency meeting, cutting the cash rate for a...
Every now and then a bank does something that bucks the trend and takes customers by surprise. Today we’ll look at two cases that recently made national headlines and how you can reduce your chances of getting caught out. While the below two examples may not...
Loyalty is an admirable trait when it comes to our friends, family and loved ones. But if you’re extending that virtue to the banks, then there’s a good chance it’s costing you thousands of dollars. That’s the takeout from the ACCC’s latest Home Loan Price Inquiry interim...
Less than a month! That’s how long your business has to make use of the $150,000 instant asset write-off before the end-of-financial-year June 30 deadline. Earlier this year, as coronavirus was ramping up in Australia, the federal government increased the instant asset write-off threshold from $30,000...
With interest rates at record low levels, today we’ll look at a question that many are asking: should I lock in a fixed rate home loan? You may have recently received a call directly from your bank, or seen more ads than usual across the internet...
It’s fair to say it’s an unusual time to be a first home buyer. But there are still opportunities out there for those whose jobs haven’t been affected by COVID-19. Here are five key talking points we’ve been regularly discussing with first home buyers in the...
SME businesses in need of working capital due to the coronavirus outbreak can now access unsecured loans “more cheaply and more freely” than ordinary business loans. The initiative is part of the government’s $40 billion Coronavirus SME Loan Guarantee Scheme, which kicked off just before the Easter...