Australian households are on the brink of financial turmoil as an increasing number of fixed-rate home loans expire, leaving them exposed to higher variable interest rates. With the Reserve Bank of Australia (RBA) reporting a significant spike in borrowers experiencing negative cash flows, Credit Clear (ASX: CCR) anticipates that more Australians will fall behind on
Read More
“Again? Oh my bank is killing me! How high can these interest rates go up?”, said many frustrated Aussies who had to scrap their dreams of paying off their mortgages. As interest rates keep going up and the budget is getting tight, they are forced to find alternative avenues to reduce household expenses. This is
Read More
Deep into the pandemic where debt levels are at all time highs, personal lender MoneyMe (ASX: MME) is set to join forces with rival Society One which will elevate the two lenders in a hugely competitive sector that will increase revenue opportunities while also saving more than $17m per annum in shared expenses. The acquisition
Read More
With Australia’s aging population, the Productivity Commission on Tuesday released its first report into upcoming intergenerational wealth transfers where it forecasts $6 Trillion will be handed over in the next 30 years. While the report set tongues wagging across the public policy sector, wealth administrators HUB24 (ASX: HUB) and Class Limited (ASX: CL1) is well
Read More
Since commencing an aggressive expansion strategy by rolling up accounting firms, Kelly Partners (ASX: KPG) has had no shortage of acquisition targets, confirming a new accounting and financial planning business located in Northern Beaches has been added to their New South Wales network. The Northern Beaches addition continues a quickfire acquisition spree that the accounting
Read More
Neo-lender Plenti Group Limited is preparing to list on the Australian Stock Exchange with a proposed listing date of September 23. The Company is looking to raise $55 million at an offer price of $1.66 per share, effectively giving Plenti an indicative market capitalisation of $280 million. There is no shareholder sell-off as part of
Read More