Home and business owners struggling financially due to COVID-19 will be given another four months to resume paying back their loans.Extended loan deferrals will be provided to those who genuinely need more than the current six-month timeframe, says the Australian...
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...
‘Open Banking’ is now officially upon us. But what does that mean and why should you care? Well, in a nutshell, it’ll be easier and quicker for you to get a better deal on banking products going forward.With all that’s going on in the world right now, it’s been...
On your marks, get set, go! The race is on for limited spots in the federal government’s First Home Loan Deposit Scheme, which kicked off again on July 1.The scheme allows eligible first home buyers with only a 5% deposit to purchase a property without paying for...
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 –...
