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.
For those interested in guesstimating the potential size of this...
Add EML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.04 |
Change
0.015(1.47%) |
Mkt cap ! $388.0M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.05 | $1.01 | $1.022M | 989.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 32708 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 6000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.04 |
Change
0.015 ( 1.36 %) |
||||
| Open | High | Low | Volume | ||
| $1.02 | $1.05 | $1.02 | 595961 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| EML (ASX) Chart |