Finance News
In these extremely difficult times, it’s easy to get lost in all the noise. As the government works to counter the medical crisis, as well as shore up the economy, they’ve announced multiple rounds of stimulus measures particularly to assist SMEs. One announcement you might have missed, is the major banks are offering loans of…
Last week the government announced a significant stimulus package aimed at keeping small businesses afloat through the coronavirus crisis. But according to many people that I’ve spoken to, the details and the potential impact have been lost among the coronavirus noise. So here’s a breakdown. Basically the stimulus package amounts to a tax break for…
It’s been a whirlwind week for our markets as the impact of the coronavirus outbreak continues to grow. Monday was the worst day in a decade for our share market as more than $100 billion was wiped. To that point we’d lost a full year of gains in just 35 days. This is obviously…
As we predicted, the RBA has cut interest rates to even lower historic lows. The difference is that for the first time in a long time, the big banks have passed the cut on immediately and in full. There have also been some announcements around small business loan cuts from the banks, as well as…
Only a week ago most global share markets, including ours, hit record highs. At the time of writing the losses as a result of the coronavirus outbreak amount only to our 2020 gains so far. What’s unclear, of course, is how widely the coronavirus will spread and how much damage it will do, leading to uncertainty in…
It seems the coronavirus outbreak is starting to bite Australian small businesses. I recently spoke to a landlord on the Gold Coast who says he’s had two Chinese restaurant tenants break their leases in the last fortnight. I also spoke with an international education provider here in Melbourne who told me their business has seen…
As we know, Australia has endured a disastrous summer, from devastating fires to damaging storms. Now those affected are left to clean up the mess, hopefully with the assistance of their insurers. However, it’s been revealed in the last week that insurance policy holders whose properties are in “fire regions” may not have their…
Hi and welcome to 2020! We hope you are well rested and refreshed to get the new decade off to a positive start. In many respects though, it has been a troubling and depressing summer with the horrendous bushfires causing devastation to communities, homes, humans and animals across the east coast. In addition, the world…
