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What will happen to property when the government responsible lending obligations are reversed?

What will happen to property when the government responsible lending obligations are reversed?

by darwin | Nov 11, 2020 | First Home, Investment

As part of the covid recovery, the Australian Government has announced an improvement to the responsible lending obligations under the National Consumer Credit Protection Act 2009. Purpose being; reducing barriers for Australians to access credit, which helps...
Health Officials See Improvement in Coronavirus Battle

Health Officials See Improvement in Coronavirus Battle

by Emman Panti | Apr 7, 2020 | Developments

As of April 7, 00:38 GMT, Australia has a total of 5,895 confirmed COVID-19 cases with 2,432 patients completely recovered. Health officials are optimistic that Australia is on top of things in dealing with the pandemic. It has been nearly three weeks since Prime...
Australia Government Launches Wage Subsidy ‘JobKeeper’ Scheme

Australia Government Launches Wage Subsidy ‘JobKeeper’ Scheme

by Emman Panti | Apr 1, 2020 | Developments, Investment

In efforts to support businesses and employees during the coronavirus pandemic, the federal government announced wage subsidies of over $130 billion. Under the ‘JobKeeper Payment,’ businesses impacted by the Covid-19 will receive a subsidy from the government worth...
Property Market Experts Looking Forward to A Rebound in mid-2020

Property Market Experts Looking Forward to A Rebound in mid-2020

by Emman Panti | Mar 25, 2020 | Developments, First Home

The global economy continues to struggle amidst the Covid-19 pandemic. There are still no solid figures determining the full impact of the outbreak on the Australian economy. However, property market experts are still hopeful for a rebound in the property market...
Cash Rate Down to .25% to Cushion COVID-19 Impacts, RBA Positions AU Economy for Strong Recovery

Cash Rate Down to .25% to Cushion COVID-19 Impacts, RBA Positions AU Economy for Strong Recovery

by Emman Panti | Mar 20, 2020 | Developments, Investment

The Reserve Bank of Australia (RBA) decided to slash cash rate down to 0.25 per cent to prevent a recession due to the COVID-19 pandemic. The RBA believes the economy will recover after the virus is contained. Earlier this month, RBA cut the cash rate down to 0.50 per...
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