Credit Insights

Construction Industry Insolvencies, What can we expect in 2021 and Beyond?

Key Points: Drop in Insolvencies What Will Happen in Construction Sector? Construction Insolvency Data Reading the Signs Impact of HomeBuilder Predictions for This Year Forecast for 2021/2022 Drop in Insolvencies Unprecedented fiscal stimulus led to a drop in insolvencies in 2020, but the full picture may not emerge until the second half of 2021. The …

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Construction Industry Insolvencies - BICB

Record High in New Loan Commitments for Housing

The total value of new loan commitments for housing and the value of owner occupier home loan commitments each reached record highs in October 2020. The total value of new loan commitments for housing rose 0.7 per cent to $22.7 billion in October, seasonally adjusted.

Record High in New Loan Commitments for Housing

How are Australia’s states and territories performing?

Each quarter, CommSec attempts to find out how are Australia’s states and territories performing. They do this by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment; construction work done; population growth; housing finance and dwelling commencements. Just as the Reserve Bank uses long-term averages to determine the level of “normal” interest rates; CommSec have done the same with the economic indicators.

how are australias states and territories performing - BICB

Personal Guarantees Gone Wrong

A well-executed personal guarantee can be the holy grail of debt recovery tools, but one overlooked detail can bring the whole thing to its knees. It is surprising the number of clients relying on guarantees that are either ineffectively drafted or have been inadvertently discharged by the actions of the client.

Personal Guarantees Gone Wrong

Unfair preferences – creditor’s defence of not suspecting insolvency

Just because a liquidator asserts you have received an unfair preference, does not necessarily mean you have or that there are no potential defences available to you. The Corporations Act 2001(Cth), enables liquidators in certain circumstances to claw back payments made by a debtor company to an unsecured creditor where the payment was made to …

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The HIA warns Australia’s housing construction downturn could get nasty unless credit continues to flow

Australia’s Housing Industry Association (HIA) has warned that tighter lending standards risks exacerbating the downturn in residential construction activity already under way. The HIA is forecasting that housing starts will slow to 183,230 by the 2020/21 financial year, more than 50,000 less than the peak of 233,970 homes that began construction in the 2015/16 financial …

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Are unresolved A/R disputes taking a toll on your company’s bottom line?

Have you ever calculated your costs for resolving receivable disputes? If you have, you’ve probably discovered that the process is quite expensive. Here’s why. A misstep in any department involved in a sale can result in a discrepancy that delays payment and drives up costs. Disputes, discrepancies and exceptions are “nonstandard” transactions that require additional …

Are unresolved A/R disputes taking a toll on your company’s bottom line? Read More…

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