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The National Australia Bank (ASX:NAB) share price may jump today

The National Australia Bank Ltd. (ASX: NAB) share may continue to rise. The budget could propel the NAB share price.
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Raymond Jang

Raymond is a Rask Investment Analyst. He has extensive experience in analysing and investigating businesses from his roles at a national accounting firm and at ASIC. Raymond is a Chartered Accountant and holds a Bachelor of Commerce from the University of NSW. His curiosity about the world and drive to find high-quality businesses is what gets him out of bed every morning. Outside of writing and investing, you will find Raymond playing football in a cage (trust us, it's more fun than it sounds) or at a park. If you enjoyed his analysis, check out our Rask services. You can connect with Raymond on Twitter or LinkedIn.
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The National Australia Bank Ltd. (ASX: NAB) share price continues to rise and it may continue today. The budget will be unveiled today and this could propel the NAB share price.

NAB’s competitors, Commonwealth Bank of Australia (ASX: CBA), Australia and New Zealand Banking Group Ltd (ASX: ANZ), and Westpac Banking Corp (ASX: WBC) stand to also benefit from such news.

NAB share price

Source: Rask Media NAB 1-year share price chart

Higher demand for loans on the way?

The government announced it will provide assistance to single parents to purchase property by guaranteeing 18% of the purchase price.

This scheme will be available to around 10,000 people.

As a result, single parents with dependent children will only need to contribute 2% towards a deposit.

The government also noted this scheme will be spread out over four years.

Is it happy days for the banks?

The continual rise in demand for property as covered in my article on REA Group Ltd (ASX: REA) and Domain Holdings Australia Ltd (ASX: DHG) has pushed up the volume of residential home loans.

These new measures will likely benefit NAB and its competitors over the long term.

Whilst such announcements are important, investors should also consider whether NAB offers a good dividend yield.

As part of the Rask Investment Philosophy, I prefer to find businesses that operate in structurally growing industries. In saying this, ASX dividend shares is a valuable string to add to one’s investing bow.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

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