Archive for the ‘Finance’ Category

Easing of Lending Restrictions

With the handing down of the Federal Budget last week there is much to digest and indeed the path to economic recovery is a long one; however, the government have been widely praised for their handling of the pandemic, particularly in regard to stimulus packages aimed at keeping the economy moving, and the JobKeeper payments enabling employers to retain staff.

One of the real game changers, in term of stimulus emerged … Read the full post »

Home Loans Surge…

Queensland’s ‘The Courier-Mail’ published on September 9th that the Australian Bureau of Statistics (ABS) reported that new home loan commitments in July 2020 rose 8.9% compared with June; this is the largest month-on-month rise in new home loan activity ever recorded by the ABS.

Why is this happening?  Well, it is driven by a few factors, from the easing of restrictions (in most states), continual historic low interest rates, along with … Read the full post »

Sharp Fall in Housing Finance

The latest figures released by the Australian Bureau of Statistics (ABS), reports a record 11.6% drop in new finance commitments for purchasing dwellings, in May 2020, the single largest monthly drop in 18 years.

Australia’s leading real estate portal CoreLogic, says the June results, when finalised could show a partial recovery.  The chart below shows the monthly value of new finance for housing from the ABS, against the number of property … Read the full post »

New Financial Year

We are now into week three of a new financial year, and no doubt some of you have already lodged your tax returns or are in the process of…particularly if you are expecting a refund.

The start of a new tax year often brings some changes…this year there are some particularly significant changes that have taken place, summarised below.

Superannuation:

Second Round of early access: from 1 July 2020 until 24 September … Read the full post »