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JobKeeper 2.0 is about to begin: here’s what you need to know

Like most sequels, JobKeeper 2.0 won’t be as big a blockbuster as the original. But that’s not to say it won't help many SMEs navigate the difficult times ahead. Today we’ll cover what you need to know about making the transition for your business. It’s hard to believe that JobKeeper 2.0 is due to begin next week. But it’s actually been half a year (or 13 fortnightly payments) since the scheme was first launched, over which time around 42% of…...
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House prices tipped to surge 15%, RBA hints at cash rate cut

Strap yourself in: Australian house prices are tipped to experience a mild COVID-19 dip before surging 15% over the following two years, according to some of the nation's top economists. And in more good news for homeowners, RBA Deputy Governor Guy Debelle has hinted at further reductions to interest rates, while not going into negative territory. Both NAB and Westpac economists have been quick to jump on board the rate cut hype train, predicting the RBA could cut the cash…...
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Is now a good time to buy property? Two-thirds of investors say ‘yes’

The majority of property investors are remaining upbeat despite COVID-19, with 67% believing now is a good time to invest in residential property, according to a new survey. The 2020 PIPA Property Investor Sentiment Survey gathered insights from nearly 1,100 property investors in August, with the key finding that the majority of property investors remain optimistic about the months ahead. Indeed, two-thirds of investors who participated in the survey said they believe now is a good time to invest in…...
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Lenders begin contacting borrowers who have deferred loans

If you’ve deferred your home or business loan then it’s likely your bank will reach out to you in the coming weeks. Here’s what to expect and what options are available to you. As the initial wave of six-month loan payment deferrals comes to an end, banks have started contacting customers to discuss the next step, which could include further support, assistance or deferral. Of the more than 900,000 loans which have been deferred during the pandemic, at least 450,000…...
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R U OK? We’re here for you, and here’s how you can support others

2020 hasn’t been an easy year for many Aussie households and businesses, which makes today an important one to check in on one another. COVID-19 and associated lockdowns have placed all sorts of new pressures on families and businesses across the country this year. In fact, more than 1.5 million Australians are currently suffering from mortgage stress - the equivalent of 40% of households. With today (September 10) marking R U OK? Day 2020, first and foremost we wanted to…...
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How to enter the property market with a $15,000 to $30,000 deposit

First home buyers are now breaking into the property market more than four years faster than they typically would thanks to a little-known government scheme. Today we’ll discuss how.  Ever heard of the First Home Loan Deposit Scheme? If not, don’t stress, it only launched this year and the first six months of data has only just been published. Basically, it’s a government scheme that allows eligible first home buyers with only a 5% deposit to purchase a property without…...
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