Does the gig economy make it harder to get a mortgage?

For lenders, the ideal customer has a steady income, ongoing employment and the ‘right’ paperwork.  Here’s what you can do to get a loan in the gig economy. From launching a start-up, to contracting in the ‘expert economy’ or just renting out the spare room as an Airbnb, more and more Australians have sources of… Read more about Does the gig economy make it harder to get a mortgage?

Behind the curtain: what drives RBA decision making?

The RBA’s decision to hold on interest rates gives us time to take a deeper look at what is going on. After all, there could be further cuts. What drives the decision making? What could send rates lower? To cut or not On the first Tuesday of each month, except January, the RBA board meets… Read more about Behind the curtain: what drives RBA decision making?

Uncharted waters: what happens if rates go sub-zero?

Since the start of the financial year, the RBA has cut rates to an unprecedented 0.75%. What happens if rates crash through zero and into negative territory? In August, Reserve Bank governor Philip Lowe told Federal Parliament’s Standing Committee on Economics that the RBA was prepared to do “unconventional things” to kick-start a flailing economy.… Read more about Uncharted waters: what happens if rates go sub-zero?

The rise of second-tier lenders in Australia

In the last five years, Australians’ perception of banks has changed. For many, dealing with banks has become a challenging and sometimes confusing process. As banks become more hands-off with their customers, more people are turning to brokers for help with their finance needs. This trend leaves room for brokers to step in and provide… Read more about The rise of second-tier lenders in Australia

The Small Owner’s Definitive Guide To Equipment Finance

Small businesses can always benefit from an upgrade to existing equipment or from purchasing the very latest technology or machinery. However, the reality is that many business owners simply don’t have enough working capital to consider an outright purchase – making equipment finance an advantageous option. Even if you can afford to invest significant cash… Read more about The Small Owner’s Definitive Guide To Equipment Finance

How asset finance can help your business grow

As a business owner, it’s likely you have no shortage of competing demands on your capital. In your quest for growth, you might want to hire additional staff, move to bigger premises, increase production capacity, diversify your product range or spend more on marketing. Using traditional loans or cash to pay for new equipment and… Read more about How asset finance can help your business grow

Seven Tips for Securing a Business Loan

Securing a business loan in Australia isn’t necessarily difficult but knowing how to navigate your way can be the difference between success and failure. Banks and other financial institutions offer a wide range of business finance options, from commercial property loans, commercial vehicle leases, and commercial and equipment leases, to simpler options such as letters… Read more about Seven Tips for Securing a Business Loan

3 reasons to consider using a finance broker for your next business loan

Whatever your business needs, a finance broker can help you get approval for the most appropriate and cost-effective solution. Small business owners who need money to expand, invest in new equipment or smooth out their cash flow often head straight for the bank. However, just as a mortgage broker can draw on a wide range… Read more about 3 reasons to consider using a finance broker for your next business loan