Neu Capital co-founder Cyrus Church - whose firm specialises in private institutional debt and equity transactions between $20m and $200m and has spearheaded some of Australia’s most high-profile corporate bailouts – examines what’s in store for Australian economy.
“As the September cut-off for mortgage payment relief and JobKeeper allowance creeps closer, the banks and the government have attempted to reassure Australian businesses and individuals with the announcement of further mortgage deferrals and a second instalment of cash for those in need of additional support.
This is understandably welcomed news for Aussies feeling the financial pressures from Covid-19.
However, as the Government racks up larger amounts of debt, will this resolve prevalent problems, or lead to even bigger troubles further down the road?
Loans in the Covid-19 era
According to APRA , there were 488,000 Australian housing loan facilities…