Business, Equipment & Home Finance for SMEs
Before working in finance my eyes were opened to the complexity involved with business premises fitout when I worked for a major retail group. I was responsible for the display of merchandise in new retail premises across Victoria and quickly became aware of the many elements that need to be considered to: Ensure a great [...]
Many people in Australia use negative gearing to build long-term wealth. It is, however, not without risks, and it is critical to understand how it works before embarking on this journey. In this post, I'll focus on using negative gearing to purchase investment property, however, many Australians also use it to buy shares. What is [...]
It is easy to overlook important investment property risks in an environment where values have been steadily increasing They may not be immediately apparent, but they do exist and should not be ignored: Property Investment Risk - Poor Property Selection Poor property selection is one of the fundamental property investment risks that need to be [...]
Leasing equipment is a great strategy many business owners use to increase productivity and maintain their competitive advantage. In the past, upgrading equipment or technology was prohibitively expensive and beyond the reach of many businesses. However, this is no longer the case. Small and medium businesses can now access equipment and technology, that previously was [...]
Over the past decade, we have seen an increasing number of individuals turning to property investment to create wealth and secure their future. As prices have escalated, more homeowners have looked to use the increased equity to move into property investment. Key Drivers of Property Investment The key drivers of property investment over the past [...]
A question I am often asked is why should I use an Equipment Finance Broker? What are the advantages and how will I benefit? Using an Equipment Finance Broker offers many benefits and advantages including: Equipment Finance Broker Advantage - More Choice! By using an Equipment Finance Broker, you have more Lenders competing for your [...]
Real time accounting offers many benefits for business owners! It is something we implemented at The 500 Group and advocate to our clients. From a business perspective, real time accounting: Puts you in control Provides “real time” financial information to help you make more informed business decisions Saves time and significantly improves productivity When it [...]
When you apply for finance to purchase a home or investment property, Lenders will assess your application both on the actual interest rate and importantly, their Loan Assessment Rate. It is also applied to both new and most existing borrowings. (An Affordability Margin is also likely to be added to most business type borrowings) The [...]
A key element of Home Loan eligibility that often confuses and frustrates borrowers is the degree to which Lenders now review an applicant’s monthly expenditure. Even experienced borrowers or investors are surprised by the granular detail involved! Home Loan Eligibility - House Expenditure Method (HEM) In the past, Lenders determined your home loan eligibility by [...]
Many people wonder why they should use a Mortgage Broker instead of dealing with a Bank direct. Even though there are thousands of Mortgage Brokers across Australia, what they do and the value they provide is not well understood. Whether you're looking to buy a home, finance renovations, or build wealth through property investment, a [...]
