News from Equatorial Finance Solutions
Congratulations to my client Tony on his new car purchase last week!
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#Congratulations #client
#new #car #purchase
#chattelmortgage #asset #finance
@ford #Ranger @fordaustralia
#thewongadvice
More good news for Victorians in addition to lockdown restrictions easing!
To stimulate the property market, the Victorian Government will waive up to 50% of stamp duty on newly built or off-the-plan homes valued at up to $1 million until June 30 next year.
Existing homes will be eligible for a 25% waiver.
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#melbourne #victoria
#Real #estate #property #market
#stampduty #WAIVER
#thewongadvice
@visitmelbourne
Got through 11 years of lockdown to wifey! 🤣🤣🤣
Happy anniversary to my beautiful wifey and here’s to many more years locked together with you! 😘
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#marriage #bliss
#happy #wedding #anniversary
#lockdown #survivor 😜
Well done South Australia! Proud of so many of us doing the right thing 👍🏼
Stay safe and look after one another!
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#southaustralia #proud #state
#dotherightthing #staysafe
#bekind
Well done South Australia! Proud of so many of us doing the right thing 👍🏼 Stay safe and look after one another!
Latest Matthew Reilly addition to my collection! Jack West Jr’s adventure continues in The Two Lost Mountains!
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#bedtime #reading
@matthewreillyofficial #novel
#action #adventure
On Melbourne Cup Day, the Reserve Bank (RBA) has burst out of the gates in tremendous fashion.
RBA Governor Philip Lowe said, “The elements of today’s package are as follows. A reduction in the cash rate target to 0.1%, a reduction in the target for the yield on the 3-year Australian Government bond to around 0.1%, a reduction in the interest rate on new drawings under the Term Funding Facility to 0.1%, a reduction in the interest rate on Exchange Settlement balances to zero, [and] the purchase of $100 billion of government bonds of maturities of around 5 to 10 years over the next six months.”
“Given the outlook, the Board is not expecting to increase the cash rate for at least three years,” Lowe said.
CoreLogic head of research Tim Lawless said if the cut was passed on by lenders it would throw fuel on the fire for Australian property prices.
“With existing home and business borrowers unlikely to see much of the cut and the former unlikely to spend it even if they do, the stimulus of a rate cut to the economy will be very modest,” Canstar financial services executive Steve Mickenbecker said.
“Even if passed on fully, a cut of 0.15% to the average $400,000 over 30 years will lower the monthly repayment by $33, not enough to make much of a difference to borrowers’ spending and house purchase intentions.”
Source: Business Insider Australia
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#reserve #bank #australia #rba
#interestrates #stimulate #economy
#finance #property #business