A tale of two suburbs and how COVID has changed the way we shop

High Street Armadale, with its mix of high-end fashion and general retail, drinks, restaurants and services, is ‘flying’ according to market analysts, with a store vacancy rate of around 10% , according to property consultancy Plan1, compared to 22 percent in the CBD. The commercial center has benefited from a large number of professionals... Read More

Warne’s second stand for a great draw with Neale Daniher

The name change will strengthen Warne’s connection to the ground where he played quality cricket for St Kilda before breaking through the national and international ranks. The ground is also home to Victorian cricket’s elite CitiPower Center training base and hosts matches for the state’s senior men’s and women’s teams. Already well-loved by Melbourne... Read More

LOANS AT HOME – Diary – DAWN.COM

HOUSING LOANS: It is unrealistic to expect commercial banks to provide long-term loans because they do not have corresponding long-term deposits. Home loan schemes are not successful in Pakistan because the potential borrower does not have the deposit, say, up to 25%, nor can they afford the heavy installments of short-term loans. These programs... Read More

Long-term loans from short-term deposits weaken banks, experts say

Analysts say heavy reliance on banks for long-term financing is weakening the financial health of local lenders. And since a number of the country’s banks are suffering from a huge amount of non-performing loans, entrepreneurs should look to the stock market to raise funds if they need long-term capital, they said. For all the... Read More

BMP opposes growing government reliance on foreign loans – Pakistan

LAHORE: Chairman of the Businessmen’s Group (BMP) of the Federation of Chambers of Commerce and Industry of Pakistan warned on Sunday that continued borrowing from the IMF and other multilateral sources poses a serious economic threat, Pakistan having taken on foreign loans of $9.43 billion in the first half alone. this exercise, suggesting that... Read More

Contingent liabilities and non-performing loans in 2020 – Products Eurostat News

In 2020, the highest public guarantee rates in the EU were recorded in Finland The most common form of contingent liability in EU Member States is the public guarantee on the liabilities and, occasionally, on the assets of third parties. In 2020, there was a notable increase in guarantees provided in the EU, due... Read More

Decision to raise internal loans could worsen liquidity crunch

As the government struggles to spend its existing resources, it has started to raise internal loans, fueling fears that this will lead to a further shortage of financial resources at banks which are already under pressure to lend due to the lack of of cash. On Friday, the Nepal Rastra Bank solicited applications from... Read More

How Fed hikes could affect mortgages, auto loans and card rates

WASHINGTON (AP) — Will mortgage rates go up? How about car loans? Credit card? How about those almost invisible rates on bank CDs – a chance to get a few extra bucks? With the Federal Reserve signaling on Wednesday that it will begin raising its benchmark interest rate as early as March — and... Read More

Nigerian rural women rise to the occasion by repaying their loans

Share this with more people! Nigerians can be known for not repaying their loans quickly and women for not being able to unite even for their own sake. Rural women are above all considered too dense to recognize what these interests are, and even less to organize themselves in pursuit of them. Well, the... Read More

Cheap ECB loans will return this year, says Crédit Agricole

The ECB made its last TLTRO offering in December Photo credit: Shutterstock The European Central Bank will reverse its plans to wean banks off cheap loans, according to Crédit Agricole SA. The ECB could announce targeted long-term refinancing operations, called TLTROs, as early as July, said Louis Harreau, rates strategist at the Paris-based lender.... Read More

Wells Fargo profit rises 86% on increased lending, cost-cutting measures

Wells Fargo beat analysts’ estimates for fourth-quarter profit on Friday as a rebound in U.S. economic growth encouraged more customers to take out loans and the bank maintained tight control over costs. Profit jumped 86% to $5.8 billion, or $1.38 per share, flattered by a $943 million gain from the sale of the bank’s... Read More

Payday Loan Options in States where they are Forbidden

Payday lenders have gained Native American sovereign reservation status. They often form alliances with tribal members to provide loans over and above Internet that are in violation of the law of the state. However they are also a target for the FTC. FTC has also started to investigate these lenders. Some tribal lenders are managed... Read More

Mazen Tabet acquires Village Belle, apartments

The two-story hotel underwent a $ 15 million renovation in 2017. Mazen Tabet took over the freehold of Village Belle and a three-story apartment block behind. The price of $ 31 million reflects a yield of 4.65%. The St Kilda pub underwent a $ 15 million extension and renovation in 2017, also when... Read More

Freehold of St Kilda’s Village Belle Hotel sold by JLL

The frank interest in Village Belle was sold, resulting in an astonishing year of pub transactions across Victoria. The sale, representing a yield of around 4.65%, proves once again the galloping appetite of investors for hotel assets under secure rental. The property has been offered exclusively for sale by Will Connolly, Stuart Taylor, Tom... Read More

New life for Fitzroy Street

The second extension of the Renew program is in the form of a gallery and several new restaurants are opening in Fitzroy Street and the Victorian Pride Center (VPC), already a major landmark for locals and visitors, recently reopened after the locking. RFS’s new property, 77 Fitzroy Street, is easily recognizable as it has... Read More

Melbourne weather alerts: power outage, train delays, traffic update

More than 110,000 homes remain without power after an abnormal storm hit Victoria over fears that some areas will be without power for days. More than 110,000 properties are still without power around Victoria following the savage storms and destructive winds that hit the state on Friday. The destructive winds knocked down hundreds... Read More

Double victory for SA hotels

The Marion Hotel has been named South Australia’s Best Hotel for the second year in a row, with the Bridgeport Hotel being co-winner of this year’s Best Gong at the AHA (SA) 2021 Hotel Industry Awards for Excellence. The awards, which took place Tuesday night at the Adelaide Entertainment Center, recognized the $ 20... Read More

Frank interest in St Kilda’s iconic Village Belle Hotel for sale by JLL

Melbourne’s pub investment market continues to intensify with the sale of the freehold interest in St Kilda’s iconic Village Belle Hotel, which bills itself as one of the hotel investment deals the most anticipated of recent years. ‘La Belle’ is being offered exclusively for sale via JLL’s Will Connolly, Stuart Taylor, Tom Noonan... Read More

Covid and Age – The New York Times

Emily Oster, an economist at Brown University who writes frequently on parenting, published an article in The Atlantic in March that angered many people. The headline was: “Your unvaccinated child is like a vaccinated grandmother. The article argued that Covid-19 tended to be so mild in children that vaccinated parents could feel comfortable... Read More

Ballarat to be plunged into lockdown as Shepparton cleared to open

Long lines formed at Ballarat test sites on Tuesday after two popular restaurants and a Big W were listed as Level 1 exhibition sites. Ballarat Mayor Daniel Moloney said on Wednesday that another test site would be set up soon to meet continued high demand in the coming days. “When people saw these... Read More

Freehold investment Edwardes Lake Hotel sold by JLL & Cropley

Edwardes Lake Hotel Reservoir’s frank interest was sold for $ 28 million within 24 hours of the EOI closing. The property has been offered exclusively for sale through John Musca of JLL, Will Connolly and Stuart Taylor in conjunction with Steve Cropley and George Iliopulos of Cropley Commercial. John Musca, National Director of JLL... Read More

Jordan Mailata beat Philadelphia Eagles fans ahead of Atlanta Falcons season opener at Mercedes Benz Stadium

He performed so well at summer camp that he edged out Andre Dillard, the Eagles’ 2019 first-round pick, to be named the starting left tackle, a position that puts all kinds of pressure due to his importance in preventing defenders in a rush to try to get their paw on the quarterback’s crown... Read More

refugee sues Australian government for alleged illegal imprisonment in Melbourne hotels | Australian immigration and asylum

A refugee held for more than a year at two hotels in Melbourne is suing the federal government for damages, arguing that his use of the hotels to detain immigrants is illegal. Mostafa “Moz” Azimitabar is suing the Australian government in federal court for unlawful imprisonment. He seeks damages for his detention of more... Read More

Indian banks must stop relying on personal loans

As India’s large, best-run bank is feeling a bit of heat, the question is how the second wave of covid will impact other banks on the bad debt front. While failed loans remain a concern, there is a structural problem at the heart of India’s banking system. This could limit their expansion in... Read More

[+] Hotel brands line up for debut in Australia

Developers find a new hotel niche New brands are opening up in the hotel sector with storytelling, niche clientele and location playing a big role in hotel selection. Boutique brands have attracted interest from global companies seeking to strengthen their market share in an environment of cheap and abundant capital. In recent years, Accor... Read More

Full of money, lenders woo businesses with cheap loans

MUMBAI : Banks are aggressively evaluating long-term business loans to attract high-rated business clients from other banks amid excess liquidity, tighter credit standards and weak demand. Lenders, mainly those in the private sector but also a few large public sector banks, offer long-term loans at the repo benchmark rate, which offers lower interest... Read More

Hotel plans unveiled for Melbourne Gothic Church

Melbourne-based developer Tim Gurner has stepped up efforts in the hotel industry, planning plans for his second boutique hotel in central Melbourne. In its latest purchase, the developer acquired a historic old bluestone church and former Sunday school hall site at 145-151 High Street in Prahran. The sites, acquired off the market for an... Read More

Hipster hotels take over Melbourne’s lifestyle suburb

He plans to start construction on the structure designed by Cox Architecture early next year. Close to Johnston Street in Collingwood, luxury developer Tim Gurner is building a 95-room hotel with ground-floor shops and 65 upscale apartments. Goldfields Group is the latest to set a construction date after obtaining planning approval for a 12-story... Read More

Accor to operate new Movenpick hotel in Melbourne’s skyscraper

The latest figures from STR hotel analysts show the city had an occupancy rate of just 36% in February. In addition to the challenges of filling hotel rooms, there has been a flood of new offers this year. Since February, more than 1,000 hotel rooms have opened in Melbourne, including a new Hilton, a... Read More