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COVID-19 repayment amnesty over: how to avoid a bad credit rating

The COVID-19 loan deferral program and credit reporting amnesty is now over, which means banks will report any late repayments on mortgage or small business loans to credit agencies unless you’ve entered into a hardship arrangement. The banks’ mortgage deferral program and subsequent credit score reporting amnesty officially ended on April 1. The package was created during the peak of COVID-19 to provide loan repayment relief for almost one million home and business loan borrowers facing financial hardship. Luckily, many…...
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Digital transformation: how does your business compare?

How well placed is your retail business when it comes to its digital transformation? Today we’ll look at some of the ways your competitors might be complementing their bricks and mortar stores with online empires. For some retailers, COVID-19 was the death knell for their business. For others, it gave a much-needed nudge to supplement in-store sales with thriving online hubs. So how well did you transform your business compared to your competitors in 2020? Well, Retail Express conducted a…...
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Record-breaking: 5 big property trends in 2021

After a bumpy 2020, 2021 is already rewriting the record books. From property prices, to interest rates, to refinancing - no matter which way you look records are being broken. Today we’ll look at why property market sentiment is riding so high. How quickly things can turn around. It wasn’t too long ago (9-10 months, to be more precise) that many highly-regarded economists were predicting property prices could plummet 30% due to COVID-19. Instead, now we’re seeing official RBA documents…...
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Still haven’t found what you’re looking for? Listings to pick up soon

While you were kicking your feet up over the festive season, did you flick open your phone and scroll through real estate listings in your dream location? If so, you might’ve noticed there were fewer properties listed for sale than usual. Here’s why. If you couldn’t find exactly what you were looking for, don’t stress - it’s actually much harder to find ‘the one’ at this time of year. That’s because property listings traditionally drop in December, with 2020 no…...
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What are Australia’s most popular vehicles? The 2020 results are in

Long gone are the days of Holden vs Ford. These days it’s all about the SUV vs the great Australian ute. So which vehicle type topped the list in 2020? Let’s wind back the clock a bit. It’s the year 2000: we’ve dodged Y2K (phew!), you can still photograph your kids sitting next to the pilot, and you’re either a fan of Peter Brock (Holden) or Dick Johnson (Ford) - never both. Back then the Holden Commodore and Ford Falcon…...
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New year, new you: 3 quick and easy finance resolutions

Whenever we think of New Year’s resolutions, the first thing that comes to mind is a health kick. But here are three (easy) New Year’s resolutions that’ll help improve your financial wellbeing in 2021. Below we’ll run you through three straightforward, and most importantly, achievable New Year’s resolutions to set yourself this year (and not a diet or boot camp in sight!). 1. Get a home loan health check Quick question (no judgement): do you know the interest rate on…...
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Happy New Year! Here’s to a prosperous 2021!

Well, that was a year for the history books. Time to start looking forward, we reckon! And the good news is 2021 offers plenty of promise. So what’s your New Year’s resolution? While we saw the national housing market dip throughout the middle of 2020, it's already started to recover, and many experts predict it'll rebound even stronger in 2021 as the COVID-19 vaccination is rolled out across the country. With that optimistic outlook in mind, now’s a great time…...
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Season’s Greetings! Bring on 2021!

To all our wonderful clients: this has been a year like no other, so we can only hope that you’re treated to a relaxing time with family and friends this festive season. We want to say a huge thank you for your support over these past twelve months. It’s fair to say it’s been an incredibly challenging year for households and businesses alike. That said, it’s been an absolute pleasure and an honour working with you towards your lifestyle and…...
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Warning to SMEs: payment times have completely blown out

Small businesses are receiving payments from clients a month late on average - that’s 18 days longer than last year. Make sure your business's cash flow isn’t adversely impacted this holiday season. The blow-out in payment times is having a “devastating impact” on small businesses across the country, warns the Australian Small Business and Family Enterprise Ombudsman (ASBFEO). In October, small businesses were paid 31 days late on average, compared to 13 days late in October 2019, reveals CreditorWatch data…...
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Love thy neighbour: how to protect your home these summer holidays

How comfortable do you feel leaving your home unattended when you go on holidays? Turns out that those who know their neighbours best have more peace of mind. Remember The Wet Bandits from Home Alone? It was their modus operandi to case out families going on holidays before robbing their homes over Christmas. When you consider that insurer QBE sees up to 15% more theft claims over the summer holiday period than any other time of year, it was a…...
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