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Promising news for SMEs this week: supply chain financing provider Greensill has given late-paying companies formal notice that it will ditch them if they continue to extend their payment terms beyond 30 days. This is good news for SMEs because cash flow problems – which are often caused by, or exacerbated by, late payments – […]

Every now and then a bank does something that bucks the trend and takes customers by surprise. Today we’ll look at two cases that recently made national headlines and how you can reduce your chances of getting caught out. While the below two examples may not relate to your home loan specifically, they do serve

Loyalty is an admiral trait when it comes to our friends, family and loved ones. But if you’re extending that virtue to the banks, then there’s a good chance it’s costing you thousands of dollars. That’s the takeout from the ACCC’s latest Home Loan Price Inquiry interim report. It shows that although interest rates charged

Two months and counting (down). That’s how long your business has to make use of the $150,000 instant asset write off before the end-of-financial-year June 30 deadline. Early last month, just as coronavirus was ramping up in Australia, the federal government increased the instant asset write-off threshold from $30,000 to a whopping $150,000 as part

With interest rates at record low levels, today we’ll look at a question that many are asking: should I lock in a fixed rate home loan? You may have recently received a call directly from your bank, or seen more ads than usual across the internet spruiking super low fixed-rate mortgages. Here’s why: lenders are

SME businesses in need of working capital due to the coronavirus outbreak can now access unsecured loans “more cheaply and more freely” than ordinary business loans. The initiative is part of the government’s $40 billion Coronavirus SME Loan Guarantee Scheme, which kicked off just before the Easter weekend. Because the government will guarantee 50% of

It takes most first home buyers longer than a full working week to house hunt and apply for finance for their ‘dream’ property, according to new research. The 2020 St George Home Buying Survey found that it takes first-home buyers an average of 44 hours to research properties, hone in on one they like, and

Wow this year has really flown by and it’s almost time for the End of Financial Year Sales (EOFY)! If you are in the market for a new car now is the perfect time with all the sales about to begin. Getting the right finance for a car can save you thousands. Don’t get taken

How do you match a loan and lender to your needs? Rather than running around finding out the details of each and every lender and loan, draw on the expertise of brokers. Why on earth would you waste time on the “finance stuff” when you can use your time to focus on buying the perfect

There’s an old saying that you should never judge a book by its cover, and this is true for houses – after all, who would buy one having never seen more than the front door? Open inspections are opportunities to really flick through the pages, and here’s how to take full advantage. Really use your