Need to pause your mortgage repayments? Here are the banks’ deferral policies
This is one article we hope you never have to read. But if COVID-19 has impacted your income to the point where you may need to pause your mortgage repayments, then we’ve broken down the banks’ deferral policies for you.
Loan repayments deferred six months for small businesses affected by COVID-19
If your small business is being affected by the coronavirus your loan repayments will be deferred for six months, says the Australian Banking Association (ABA).
RBA cuts cash rate to record low 0.25% amid COVID-19 outbreak
The Reserve Bank of Australia (RBA) has cut the cash rate to a record low of 0.25% following an emergency meeting due to the impact the coronavirus is having on the economy. RBA Governor Philip Lowe said in a statement the move was due to the virus causing “major disruptions to economic activity across the…
The coronavirus economic stimulus plan for SMEs explained
Small businesses all around the world are facing uncertain times. However, rather than shutting up shop until COVID-19 passes, the federal government is hoping to stimulate SME spending through a raft of initiatives and tax incentives.
SME owners impacted by coronavirus urged to contact creditors
SME owners concerned about the coronavirus outbreak impacting their cash flow are being urged to talk to their creditors as soon as possible.
RBA cuts cash rate to record low amid coronavirus concerns
The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 0.50% as the coronavirus outbreak impacts global financial markets. RBA Governor Philip Lowe said the coronavirus has clouded the near-term outlook for the global economy and global growth in the first half of…
Buying a property through your Super- SMSF
Have you recently heard about the possibility of purchasing a property through your super? Please see some general facts below, and please note that all the information provided is of general nature and in no way or form is advice or a recommendation for you to purchase a property through your super. Please consult a…
Residential vs Commercial property
Ready to purchase your next investment property? Are you aware of the differences between residential and commercial properties? Most investors are familiar with the advantages & disadvantages of purchasing a residential investment property, however they have never thought about commercial real estate. Commercial properties are categorised into three main sub asset classes: retail, office &…
Why use a Mortgage broker?
Are you thinking of purchasing a property and need a home loan? Before you head down to your local branch, here are a few reasons why you should contact us first: Flexible hours Unlike most banks that are usually open 9am to 4pm Monday to Friday, we work round the clock at your convenience…