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What is Loan to Value Ratio (LVR)?

Are you ready to purchase your first home? It seems many fellow Australians are taking the plunge. According to a recent Mozo survey of the 10.3 million properties in Australia, and six million have a mortgage. While it’s exciting, the prospect of taking out a home loan can be intimidating. However, learning a few simple…

The Housing Construction Economic Kickstart Plan proposal

Virtually every industry in the country has taken a massive economic hit as a result of the Covid-19 pandemic. From businesses being unable to operate through to demand disappearing overnight, many organisations are facing a parlous future. Both property developers and property owners have been adversely affected by the pandemic: with construction slow or non-existent,…

Coronavirus and the Australian Government Guarantee Scheme for Loans

If you own a business, then these are uncertain financial times due to the impacts of coronavirus (Covid-19), and it can be difficult to find accurate information about what assistance is available to you. The Australian Government, the Reserve Bank of Australia and the Australian Prudential Regulation Authority have recently announced new initiatives to assist…

COVID-19 support for NAB SME customers – new low-rate loan up to $250,000

To support businesses in need of a quick cash flow injection to stay open and keep people in jobs, NAB has announced a new Business Support Loan The Business Support Loan will enable eligible businesses to apply for a loan of up to $250,000 at 4.5% p.a. from NAB with no repayments required in the first…

What you need to know about Pausing a home loan

Nearly everyone is suffering in some way or another from the COVID-19 pandemic. Even those not directly infected by the illness are seeing their livelihoods dry up as businesses are forced to close, or simply have no customers due to social distancing and other preventative measures. For some workers, especially those who have been laid…