Here’s some promising news for big and small businesses alike: six-month loan deferrals are now available to larger businesses on the condition that they don’t terminate leases or evict tenants for falling behind on their rent due to COVID-19. Two weeks back, the Australian Banking Association (ABA) announced that if…
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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. Late last week the Australian Banking Association (ABA) announced that…
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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). ABA CEO Anna Bligh today announced a small business relief package from Australia’s banks. “Small businesses can rest assured that if they need help, they…
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Today, the RBA announced an out-of-cycle emergency rate cut to help the Australian economy withstand the impact of COVID-19. The RBA has reduced the cash rate to a new record low of 0.25%. If the COVID-19 crisis is affecting your financial situation, please get in touch so we can formulate…
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First home buyers are throwing themselves into the property market in numbers not seen since 2009. The number of owner-occupier first home buyer loan commitments reached its highest point in ten years in January, with newcomers taking out 9,945 loans (seasonally adjusted), according to ABS data. That’s a 3.2% rise on…
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SME owners concerned about the coronavirus outbreak impacting their cash flow are being urged to talk to their creditors as soon as possible. Earlier this month the RBA cut the official cash rate by 25 basis points to a new record low of 0.50% due to the impact of the coronavirus…
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The cash rate decision for March has been announced by the RBA with a rate cut. The RBA has reduced the cash rate to a new record low of 0.50% in response to the economic threat posed by the coronavirus outbreak and bush fire crisis. Whilst the Reserve Bank would…
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"No act of kindness, no matter how small, is ever wasted." - Aesop Have you been the recipient of an act of kindness that completely blew you away? We are looking for a feelgood story about an exceptional act of kindness, be it from a random stranger or someone you…
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