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Budget 2021: Matt Comyn says economic growth will exceed the government's forecasts


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The strength of the budget’s stimulus measures probably means economic growth will exceed the government’s cautious outlook, says Commonwealth Bank chief executive Matt Comyn.
Mr Comyn, along with the other major bank CEOs, said spending on business and infrastructure would support the recovery and was a positive for credit growth.
CBA CEO Matt Comyn: “Those incentives they announced last night are very popular with businesses.”  
Louie Douvis
Tuesday night’s budget predicted Australia’s gross domestic product growth over the medium term would be below the level expected before the pandemic, leading to criticism that the government was not being ambitious enough with initiatives to kick-start growth. ....

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Mistakes to avoid when buying a home


 
High-rise apartment towers can be plagued by high vacancy rates, which may affect their resale value. Picture: Jay Town
NEW BUILDS
When buying a new build, it d be nice to assume the tradie had covered all bases during construction, Builders Collective national president Phil Dwyer said.
But putting blind faith in the builder was fraught with risk and could lead to costly headaches, he said.
A building inspector was needed to go through the structure with a fine-tooth comb. He also recommended people do a background check on the builder by getting references from friends and family or even contacting some of their previous clients. ....

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Influential real estate agents sell the million-dollar dream


 
 
At just 25, Joseph Lordi is often branded a young gun in the real estate game. Lordi cut his teeth with Ray White, Raine & Horne, Sotheby s and McGrath. And while he might drive a $110,000 BMW M2 Competition coupe - which car reviewers have described as a boy toy of unsurpassed excellence - Lordi owns it outright through a seven-year slog to become his own boss. He recently launched his own agency and the bold move comes after a string of successes, including the sale of a mansion at Raby Bay last August for $8.5 million, and two record-breaking $4 million-plus sales at Chandler in 2019. ....

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