Prior to the GFC, an abundance of disposable income saw swift increases in the demand for the lifestyle property and as such, the prices for these secondary homes along country & coast soared to dizzying heights.

Regrettably, the GFC saw the market hastily become depressed and a flurry of these ‘’discretionary purchases” found their way back on the market at considerably reduced prices.

Recent articles cite properties in the Hunter, central & north coast of NSW being heavily discounted with price drops of more than $200,000.00 not being uncommon.  Furthermore, Mortgagee in Possession signboards continue to swamp the area creating further difficulty to those selling property of their own volition.  One article noting that the “average time on the market in Byron Bay is 234 days…”

What does this mean for Borrowers?

The drastically reduced prices in this area and its perceived volatility make for tenuous lending.  Lending ratios are reduced, valuations are conservative and once viable repayment strategies such as refinance and sale of asset are being heavily scrutinised.  Metropolitan areas, although experiencing its own lack lustre performance, continue to be the preferred lending space for banks and other providers of funding.

Interim Finance.  The market leader in Short Term Finance

A man made a Freedom of Information request to the Australian Taxation Office, asking whether there was an audit file on him. A week later he received the reply. It said: “There is now.”

It’s around this time of year that small to medium sized business start to pay attention to their accountant’s earlier warnings and begin the herculean task of getting their financials in order. Now more than ever their ongoing relationship with their bank is subject to the timely preparation of these documents and the payment of income tax and BAS payments. There are of course a few creditors that you can delay but The ATO isn’t really one you want to irritate. So, what is to happen to the small business operator that receives a bulky payment obligation at an inopportune time?  What if he or she is not in a position to satisfy such a claim?

Small business’ need a reliable source of funding that can be made available within a short space of time to ‘bridge’ the gap between expenditure and income.  A short term business loan is designed to do just that.  The availability of this style of financing allows a small business to cover large at call expenses with no impediment to its all important day to day business activities.

Call 02 9982 222 or email info@interimfinance.com.au for further information on how the Interim Finance team may assist you with your business funding requirements.

Interim Finance. The market Leader in Short Term Finance.

With a half hour to spend the other day, I jumped on Google with a view to checking out competitors who operate in the short term bridging finance space – as one does.  No real change here but a couple of marketing gems caught my attention.  Good manners and probably a defamation suit* prohibits me from naming names but in a bizarre twist of circumstance their key marketing point was:

‘beware of low interest rates’.

Now money is money.  It doesn’t really come in different colours and has no emotional attachment (other than the lack of it).  Banks spend millions of dollars marketing a 15 basis point discount on a home loan so I was a little perplexed as to why this company appeared to be warning consumers of the perils of low interest rates.

Nothing I read further on really seemed to clarify this other than their rationale for charging 6% pcm and a similar amount for the application fee – but they did promise to settle within 48 hours.  This nifty piece of financial footwork was supported by another analogy…

High interest rates and large fees = quick service

Gee, those boys must have spent all night thinking up that one!

Interim Finance.  The market leader in Short Term Finance

At Interim Finance, we provide our clients with the most cost effective short term finance solutions for their needs. We are privately owned and funded, meaning we guarantee transparent, reliable processes, rate structures and fees.
The Interim Finance team is committed to maintaining our place as Australia’s most trusted providers of short term finance solutions. We therefore guarantee particular benefits of working with our team:

For a confident discussion of short term financial options, please one of the Interim Finance team now, on 02 9982 2222

For a confident discussion of short term financial options, please one of the Interim Finance team now, on 02 9982 2222

For a confident discussion of short term financial options, please one of the Interim Finance team now, on 02 9982 2222

The Interim Finance team is committed to maintaining our place as Australia’s most trusted providers of short term finance solutions. We therefore guarantee particular benefits of working with our team:

The benefits of working with Interim Finance

• Lending. We are the lender. Interim Finance can personally approve and settle the short term loan. This means that our clients deal directly with the Interim Finance team for all their short term finance solutions.

• Pricing. Interim Finance publish our lending rates and fee structures. The Interim Finance team works with our clients to provide the most competitive and transparent short term loan rates and fee structures.

• Flexibility. The Interim Finance team has significant commercial experience and a deep working knowledge across our entire product range. This allows us to provide our clients with bespoke options for their short term finance requirements.

For a confident discussion of short term financial options, please one of the Interim Finance team now, on 02 9982 2222