ANZ has again become the only big four bank to reduce variable mortgage rates in full following the Reserve Bank’s cash rate cut, while rivals CBA, NAB and Westpac will be passing on only part of the amount this time. ANZ was widely criticised last month when it passed on just 0.18 percentage points of… Continue reading ANZ only big bank to fully pass on RBA cut
There is nothing more vexing than trying to bring your dream business to life, yet funding stands in your way like an ill-created bump in the road. However, there are many options that can give you the financial push that you need without you having to sell your soul and your right kidney. Fixed business… Continue reading Funding made reasonable: a quick guide to fixed business loan interest rates
The modern business environment is tough, and fraught with challenges that can make or break your business. These days, it’s not enough to simply offer a quality service or product. The characteristics that set aside successful modern businesses are simple – agility and innovation. The ability to react quickly to opportunities is paramount to the ongoing… Continue reading Securing a soft or hard loan for your SME
September 2016 was a mixed month for the Australian economy, and one that brought both incredible milestones and sudden, unexpected troughs. To begin with, the end of the month saw Australia complete its 100th consecutive quarter without a recession, continuing a 25-year growth streak that is the second highest in history. Given that this period… Continue reading How will the economy Impact SMEs in 2017?
It’s said that buying a property is one of the most stressful life events. Further, mortgage lender incompetence, bank and finance problems are in the top 20 most stressful aspects of selling a property. For two people, those frustrations spawned the next big idea to hit the FinTech industry. Mandeep Sodhi, a loyal customer to… Continue reading The need to be shrewd in the property boom: How one FinTech business ensures buyers secure the best mortgage deal
Some of the leading causes of small businesses failures are unrealistic budget, unnecessary costs, overexpansion and ignoring debt payments. Though borrowing makes sense for start-ups, sometimes entrepreneurs are borrowing large amounts of money without sufficient capacity for returning it. Business debt is like a labyrinth, it’s easy to go in and difficult to go out.… Continue reading Business chained to debt? These 5 steps will set you free?
A renowned US economist has endorsed a pessimistic outlook for the Australian economy over the next 12 months, warning of a Chinese slowdown, halting GDP growth and a 20 per cent drop in the value of the Australian dollar. Roubini Global Economics, founded by Dr Nouriel Roubini, has warned that a tight federal budget, lower… Continue reading “Dr Doom” predicts Aussie dollar to drop 20 per cent
The Reserve Bank today announced a cut of 25 basis points to lower the cash rate to 2.75 percent.
The Reserve Bank of Australia (RBA) announced that the cash rate would remain at 3.0 percent earlier today.
Australia’s economic conditions are predicted by some to take a downward turn in 2013, meaning employers large and small are growing anxious about an economic slump and the potential for China’s growth to go into reverse.
