• 16/01/2021

Category: Articles

Banks Keep Lending to Pump Economy

Banks Keep Lending to Pump Economy

Banks Keep Lending to Pump Economy Australia’s banks look set to keep rates at record lows and to be flexible with borrowers impacted by COVID 19. Reserve Bank Governor, Dr Philip Lowe, recently spoke to…

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New Rules Mean Brokers Have to Work in Client’s Best Interest

New Rules Mean Brokers Have to Work in Client’s Best Interest

New Rules Mean Brokers Have to Work in Client’s Best Interest ASIC has confirmed brokers will be obliged to act in the best interests of borrowers by 2021. Under the new rules, mortgage brokers will…

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Banks to have more flexibility in assessing loan applications

Banks to have more flexibility in assessing loan applications

Banks to have more flexibility in assessing loan applications Westpac Banking Corp has won a significant victory in the Federal Court on its interpretation of responsible lending duties. The court backed Westpac’s arguments that the…

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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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