• April 1, 2020

Category: Articles

Australian banks will defer loan repayments for small businesses affected by COVID-19 for six months.

Australian banks will defer loan repayments for small businesses affected by COVID-19 for six months.

20 March 2020 Australian Banking Association CEO Anna Bligh today announced a small business relief package from Australia’s banks. “This Assistance Package will apply to more than $100bn of existing small business loans and depending…

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Investors Look at Options in Downward Market

Investors Look at Options in Downward Market

REAL ESTATERENEE MCKEOWNMON 30 MAR 20 Investors Look at Options in Downward Market Investors are looking at their options with homes pulled off the market, leases extended and auction clearance rates dropping in-line with Covid-19…

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Just as the property market was getting into its stride, Coronavirus arrived!

Just as the property market was getting into its stride, Coronavirus arrived!

Thankfully the banks and government appear to have stepped up to the plate – one economist calculates that the total economic stimulus offered by the government is the equivalent of an 11 per cent boost…

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Home loans growth picks up in January

Home loans growth picks up in January

Michael Bleby| Australian Financial Review| 11 March 2020 https://www.afr.com/property/residential/home-loans-growth-picks-up-in-january-20200310-p548sm New home loans rose at their fastest pace in more than three years in January as owner-occupiers and investors benefited from easing lending conditions that pushed…

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A toilet paper run is like a bank run. The economic fixes are about the same

A toilet paper run is like a bank run. The economic fixes are about the same

Alfredo R. Paloyo| The Conversation| 6 March 2020 https://theconversation.com/a-toilet-paper-run-is-like-a-bank-run-the-economic-fixes-are-about-the-same-133065 Panic buying knows no borders. Shoppers in Australia, Japan, Hong Kong and the United States have caught toilet paper fever on the back of the COVID-19…

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Regulators ease coronavirus credit squeeze

Regulators ease coronavirus credit squeeze

John Kehoe, Matthew Cranston & Jonathan Shapiro| Australian Financial Review| 16 March 2020 https://www.afr.com/policy/economy/regulators-ease-coronavirus-credit-squeeze-20200316-p54aeb Financial regulators are extending short-term liquidity funding to banks and are considering easing regulations on lenders to help prevent a credit…

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How will Corona Virus Impact Our Property Market?

How will Corona Virus Impact Our Property Market?

FOMO (Fear of Missing Out) has been applied to both home purchases and toilet roll over the past weeks. While, on the surface they may appear to have nothing in common, there’s actually quite a…

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Existing borrowers gouged by banks offering new mortgage discounts, RBA says

Existing borrowers gouged by banks offering new mortgage discounts, RBA says

Are you one of those people who spend hours online or in stores trying to find the best discount on the latest gadget or fashion item? If the answer is yes and you also have…

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Retirees holding onto spare rooms, even when they downsize

Retirees holding onto spare rooms, even when they downsize

Roughly two million older Australians are considering moving homes when they retire. But they won’t be giving up the spare bedroom. It will be reserved for friends and family, or repurposed into a study or…

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Homebuyers are stampeding back into the Australian property market, leading to what could be ‘the fastest market recovery on record’

Homebuyers are stampeding back into the Australian property market, leading to what could be ‘the fastest market recovery on record’

If national prices continue on their current trajectory, 2020 will see the fastest market recovery in Australian history, according to property research group CoreLogic. The property downturn saw an 8.4% correction in values. In just…

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