Equipment finance confidence highest in three years

A positive development in equipment finance indicates confidence is trending upwards, with the industry reporting three-year high levels.

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Why are home loan rates climbing when the cash rate remains so low?

By and large, home loan rates are influenced by the Reserve Bank’s cash rate.

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1 in 2 Australian small businesses going digital

Small enterprises – accounting for around 98% of the Australian business market – have pivoted their approach in response to the global COVID-19 pandemic, with nearly half having shifted their business towards online.

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Is inequality a product of low interest rates?

There is a feeling amongst the industry that there is an over-reliance on record-low interest rates for housing, employment, and productivity.

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Young people have sights set on home ownership, thanks to COVID-19

Around half of the Australian population of young people are more likely to want to purchase a home now than before COVID-19, new research has revealed.

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Will credit card debt arrest its steady fall in time for Christmas?

The Reserve Bank’s data for credit and charge cards in the September quarter found balances accruing interest fell a further 2.

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ABS data indicates essential spending is greater than inflation

The cost of living, including essential everyday items like food and healthcare, has outpaced inflation over the past seven years, a new research project undertaken by the Australian Bureau of Statistics suggests.

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Non-major lenders grab market share back in loan market

Data suggests borrowers are turning to non-major lenders for the first time since the COVID-19 pandemic gained traction in late March.

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Do ‘buy now, pay later’ apps affect your credit score?

Buy now, pay later (BNPL) apps have risen to prominence in recent years, particularly during the COVID-19 pandemic lockdown period – reportedly adding as many as 20,500 customers each day.

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How a recession impacts the property market

While many have had their say, with drops of 10% all the way to as much as 40% predicted by various segments of the industry, few can say for certain just how the COVID-19 pandemic, and in turn the economic recession it has promoted, will impact the property market.

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