For those interested in guesstimating the potential size of this new market:
* There are approx 10.1m households in Aus.
* Twenty-six % are paying rent - so approx 2.6m
* Avg rental term is 4.5 years
* Assume household growth will be flat to negative as a consequence of Covid for next few years
If someone’s bored it would be interesting to see some theoretical $$$. Personally I could see this capturing a large % of bond payments. Over the years I’ve loaned a lot of friends/family/staff bond payments to cover the gap between paying the new bond and receiving the old.
flexibond, page-3
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Last
$1.05 |
Change
0.015(1.45%) |
Mkt cap ! $401.3M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.07 | $1.03 | $1.923M | 1.827M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1889 | $1.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 10606 | 2 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$1.05 |
Change
0.015 ( 2.25 %) |
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| Open | High | Low | Volume | ||
| $1.04 | $1.07 | $1.04 | 43478 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| EML (ASX) Chart |