Coronavirus (COVID – 19): Information for small businesses, households and mortgage-holders

Coronavirus (COVID-19): Information for small businesses, households and mortgage-holders

The Federal Government and State Governments have announced new measures to slow the infection rates in our community of the Coronavirus (COVID-19). These measures impact our economy, individual’s livelihoods, entire industries and businesses. Financial support is available to help you manage the effects of the Coronavirus (COVID-19).


How can I help you

Money Matters with Melody is committed to supporting you during the evolving Coronavirus situation. I am available to answer any questions that you may have around your property finance and home loan repayments.

I can help you:

  • Understand the financial assistance packages the banks are offering, and how they relate to your circumstances
  • Assess your options, taking your loan structure and overall short and long term strategy into consideration
  • Conduct a home loan, property investment loan and/or business loan health check
  • Research the option of refinancing to a lower interest rate
  • Where appropriate consolidate debt
  • If required help you access a small business loan



Money Matters with Melody is still open, operating and ready to help you. However, we’ve adapted our service offering in response to advice around the Coronavirus.

Offering the option of phone or virtual video appointments. I’m also working closely with the banks and making use of the latest technology to provide remote servicing. The situation is evolving very fast.  Following the developing news from the World Health Organisation (WHO) and the Australian Government closely. I will keep you updated if anything changes regarding my service offering.


Banking – Home loan payment deferrals and assistance packages

Banks and lenders have announced a range of financial assistance packages for mortgage borrowers, including the deferral of repayments for up to six months. It’s important to note that for many of the banks offering to pause home loan repayments, the repayments will be added to the term of the loan. Also, while your repayments are on hold, interest may still accrue, which means your repayments will increase once the pause period ends. I suggest you get advice or speak with me before deferring (pausing) payments to ensure you understand the implications.


CLICK HERE to access a spreadsheet listing lender financial relief package contacts.


Help for households

The Federal Government has announced an additional $66.1 billion economic support package. The package includes support for households including casuals, sole-traders, retirees and those on income support; assistance for businesses to keep people in a job; regulatory protection and financial support for businesses to stay in business.


Further information

For up-to-date information on Coronavirus COVID-19, please refer to:

Federal Government Coronavirus app (available in the App Store for Apple devices)

Federal Government Coronavirus app (available on Google Play for Android devices)

Federal Government’s WhatsApp feature