Mortgage News

Banks will most likely start to push the latest Interest Rate hike cost onto SME’s in an effort to claw back the cost of Funding.

SMH has reported that many businesses will find it harder to trade as long as the fragile economy makes profits harder to generate along with Financing harder to secure.

As long as the Banks cost of funds remains high or increases, then they will look to pass this on at any point possible.

Simon Reibelt from Oasis Home Loans Northern Beaches said that the outlook for the Business sector remained cautious, with financing being very tough right now in the market.