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Australian SMEs face cash crunch

Small and medium-sized enterprise (SME) owners are struggling with dwindling cash reserves amid soaring inflation and cost-of-living pressures. According to a recent survey commissioned by Prospa, 22% of participating entrepreneurs have no cash reserves, and 18% rely on funds covering less than a month’s expenses. About one in five expects to deplete their cash reserves…
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Borrowers feel the heat of high rates

With interest rates staying elevated following a year of aggressive increases, mortgage stress is on the rise among borrowers. New data from Roy Morgan reveals that the number of Australians facing mortgage stress has increased by 724,000 since May 2022, when the Reserve Bank of Australia (RBA) began raising the cash rate from a record…
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Housing market soars 40% four years after pandemic

The impact of the pandemic continues to shape Australia’s property market, four years on. Dwelling prices have exploded as factors such as population growth and limited supply drive competition for homes. According to data from PropTrack, national home values surged by 39.9% from March 2020 to March this year. Prices in regional areas soared by…
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