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"Some factual lessons learnt from previous economic downturns." - Steve Tahere, Finance Broker, Bayside Home Loans

It’s understandable that many Australians expect to see the market behave as it did during previous economic downturns such as the Global Financial Crisis in 2007, which was a financial and demand shock.

A major bank has announced it will make payments to offset the interest costs that will accrue for customers who have been granted a six-month deferral on their home loan repayments due to the COVID-19 pandemic.

We’re here to support you!

Providing support to our clients is what Bayside Home Loans does best. This support will continue as we face the current challenge of COVID-19. As the growing impact of the virus is felt across Australia the financial and personal wellbeing of our clients remains our priority.

“When deciding what to believe or predict through this time, take a look at what’s happened over the history of our property market and how it generally reacts to economic crises”

Written by Brodie Haupt

Co-Founder of WLTH Finance Tracker & Properlytics 

Please read if you want assistance in releasing the pressure valve and the burden of financial stress.

"Safety measures ask us all to stay at home and adhere to social distancing rules. Self-isolation may keep the spread of COVID-19 at bay, but could spark new fears and anxieties without the proper support group around. We urge you not to ignore your own mental health, and be ready to help loved ones even with a short phone call."

"Historically, the Australian property market does not mirror the share market when the global economy crashes. Although, COVID-19 is a completely new occurrence we could not have expected, there are a number of factors highlighted below that keep us optimistic."