Articles by Matthew Gilligan
After the Covid-19 announcement today, all our staff will be working from home. We are well set up to do this, and our business will operate as per usual, with the following changes:
Support for our clients
We know this is a time of uncertainty for business owners, sole traders, the self-employed, and employees. To that end, on Saturday the Government announced measures to help businesses get through these tough times. And today (23 March) further support was announced.
As part of the economic package to help businesses survive the Covid-19 pandemic, the Government has outlined various ways they will offer support.
Rent freezes are in place, and 'no cause' terminations have been extended to commercial tenants, to assist business owners who are struggling with rent payments.
Business finance guarantee
Banks agreed in principle to a 'business finance guarantee' scheme, under which the Government will underwrite business loans. That means you can write to your banker and ask for an overdraft underpinned by a government guarantee. We suggest everyone that needs it should do this immediately.
With the government agreeing to buy $30 billion of bonds, we have NZ’s first ever quantitative easing. This is designed to keep interest rates low and stimulate the economy. This, coupled with the strong government initiatives looks like a very positive response from the government and should allay the fears of many. (For more on this, have a look at my blog about banking and debt.)
SummaryWe know these are challenging times, and we will do our best at GRA to support you. If you have any concerns at all, please get in touch in any of the following ways:
Property School worked for me & further advice as a client gave me confidence to advance subdivision. Thanks. - Mike, June 2018
If you're investing in residential property, seeking to maximise your ability to succeed and minimise risk, then this is a 'must read'.
Matthew Gilligan provides a fresh look at residential property investment from an experienced investor’s viewpoint. Written in easy to understand language and including many case studies, Matthew explains the ins and outs of successful property investment.