RMBL Investments Newsletter — December 2020

Quarterly Update

Funds under management now exceed $1.164 billion. Our fund size continues to grow, largely due to RMBL’s interest rates and the loyalty of its Members.

Announcement

RMBL operates within a permitted industry. Our office remains open with appropriate COVID-19 measures in place.

We are getting closer to living with COVID-19 at acceptable levels. The Federal Government is making available significant liquidity to ensure that the Australian economy rebounds from the pandemic. Included in this, is the direction to major banks to relax their lending guidelines and support both the SME and housing sectors.

Victoria is leading in the COVID-19 recovery now and at the land estates, sales are picking up and enquiry is strong.

No doubt you will remain measured in this COVID normal environment, but if you are comfortable, we can meet with you and discuss any of your needs.

Interest Rates

RMBL’s standard variable interest rate remains at 7.0% per annum. Due to easing of interest rates and a historically low cash rate of 0.10%, there is significant competition in the non-bank lending space.

RMBL has therefore reviewed interest rates on loans to remain competitive, also factoring in the high liquidity levels we are seeing. We have reduced interest rates on many loans on our books to reflect the current market conditions, history of Borrowers and quality of loans, including loan-to-value ratios. Rates currently range from 5.75% to 8.50% per annum (variable).

Demand For New Funds

We continue to receive substantial support from our Members in the placement of funds with RMBL. We appreciate this vote of confidence!

Liquidity levels remain high within RMBL due to Borrowers settling sales and Members depositing significant funds. However, in these uncertain times we will remain cautious in approving new facilities.

We will focus our attention on supporting longstanding Borrowers with their activities and development projects. Our ability to fund good quality projects is critical at this time.

Please visit our Investment Opportunities page on our website to browse some of the projects being funded.

Please contact Andre Bokos on (03) 9213 5704 or Dawn Arendse on (03) 9213 5708 to discuss investing additional funds.

Cyber Fraud Threats

Cyber criminals are becoming very sophisticated and can impersonate emails, purporting to be from RMBL.

We would strongly suggest that, if you intend to electronically deposit funds to our Trust account, you call our office to verify any such email instructions before acting on the same.

Sponsorships

RMBL is a major sponsor of some charity and community events:

Let’s Beat Bowel Cancer
This is an initiative of Cabrini Health, dedicated to saving lives through bowel cancer research. RMBL is a Gold Sponsor of this annual event held at Kingston Heath golf course.

Rotary Club of Endeavour Hills
RMBL sponsors their annual charity golf day, which raises funds for “Disaster Aid”.

Rotary Club of Cranbourne

In 2021 RMBL will be sponsoring the Rotary Club of Cranbourne Annual Golf Day to be held on 12 March at Settlers Run Golf Course. This year’s funds raised will be dedicated to two groups:

ACE Foundation (Aiding Casey Education) — provides meals to students who arrive at school without breakfast or lunch/free eye testing with provision of glasses for vision impaired students/free supervised study and tutoring facilities for students at the Thompson Road Clinic.

CISS (Cranbourne Information & Support Services) — provides independent, free impartial and confidential information, referral and support services to the local Cranbourne community. Directs aid and assistance to people in need of relief from poverty, distress, misfortune, destitution, homelessness and helplessness.

South Gippsland — Leongatha, Meeniyan and Korumburra Bowling Clubs
A number of our Members are associated with these clubs and we are pleased to support them on special player days.

Upper Beaconsfield Village Festival
RMBL sponsors the Group Participation prize in the Tough Tower Challenge Run/Walk. This event takes place on a 6.5km (approximately) undulating course around the streets and tracks of Upper Beaconsfield which started in 1997.

Caroline Chisholm Education Foundation Annual Charity Golf Day
RMBL is a Gold Sponsor of their annual golf day. The charity supports students in financial hardship to receive a high quality vocational qualification at the Chisholm Institute.

Girl Guides of Victoria Women of Note Mentor Breakfast
RMBL is a Gold Sponsor of the Annual Casey Mentor Breakfast held at the Bunjil Place function centre. The event aims to provide mentoring opportunities to year 11 students within Victoria.

Taking a Swing for Charity — Annual Golf Day
This event is organized by the City of Greater Dandenong through its business networking unit (SEBN) together with corporate sponsors. The event aims to raise funds for local communities. The primary recipient of support in 2020 is Taskforce, a charitable organisation whose vision is to give life changing opportunities for those most in need.

Member Feedback

We are always interested in receiving suggestions and feedback on how we are servicing our Members. Should you have any suggestions or feedback on how we can improve our communication or service, please inform us by email to team@rmbl.com.au or by calling us on 9213 5700.