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 to the economy. And the banks have announced a small business assistance package which will apply to more than $100bn […]
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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 average loan values higher. New mortgage commitments rose 4.6 per cent from December to $20.7 billion, faster than January’s revised […]
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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 coronavirus. Shop shelves are being emptied as quickly as they can be stocked. This panic buying is the result of […]
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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 squeeze hitting cash-strapped small businesses. As part of its normal daily market operations the Reserve Bank of Australia will lengthen […]
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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 few common links – which bode well for lending in the property market. Its about supply and demand and thankfully, […]
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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 a mortgage, then new data from the Reserve Bank shows you should probably divert some of that time to finding […]
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