Relief for business borrowers – sixth cash rate hold this year In what must be a relief for borrowers, the Reserve Bank of Australia (RBA) has decided to hold the cash rate at 4.35 per cent. This is the sixth cash rate hold for 2023. In a Media Release from the...
A construction business had their business bank accounts frozen by a commercial creditor this week when a receiver was appointed. The directors have a new baby and can’t pay their employees this week because of the bank account freeze… Scenario’s similar to these are...
Research conducted by credit bureau Illion published in their Commercial Insight Report for July 2023 suggested that the economic landscape for businesses might worsen in 2023 due to an increase in overdue trade invoices and debt collection. As business solvency faces...
As a mortgage broker, you play a crucial role in connecting clients with lenders, making home ownership dreams a reality. Your expertise helps individuals secure the ideal home loan and repayment plan tailored to their unique needs. When clients are looking for a...
In today’s challenging economic climate, mortgage brokers are increasingly seeking ways to diversify their services. To meet the growing demand for fast financing before the end of the financial year, mortgage brokers are turning to non-bank lenders, who serve...
From June 1, HECS debts rise by 7.1 per cent In Australia, the Higher Education Contribution Scheme (HECS) has long been a financial avenue for students to pursue higher education without upfront costs. However, as graduates embark on their professional journeys and...
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