In a record-low interest rate environment, if you're not aware of where the market actually is, it's very easy to think you're getting a great deal, when you're actually paying overs.
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We're really excited to announce that Property Finance expert, Leigh Blain, has joined the STAC team!
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The RBA just cut the cash rate, likely another soon; and there’s other things potentially driving cheaper debt in the near future. We think there’s a real possibility of loan rates at 2.5% to 3.5% in the very near future, and as a result we see some great what opportunities for property developers and property investors.
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Too often we’re seeing the goalposts getting moved when businesses and property developers/investors seek debt, as many funders have been changing their appetite. In business, you’re already juggling 100 things - can you afford to be doing 101, particularly when debt is such a high risk game these days? What opportunities are you missing out on by spending your time doing something that we've got the expertise and the time to do?
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In 5 seconds - what's in this email worth scrolling for?
Introducing PC - our new Gun
No we don't just do Property Finance! (Businesses turning over $5-200m is also our core)
Snapshot of recent M&A/Growth seminar that Mark did
A few deals we've been working on lately
...and links to a few blogs & videos we've posted lately...
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2 Common & Major Mistakes in Business Finance - (1) giving every asset as security for every loan to your bank; and (2) Not providing clear communication to your bank around the strategic direction of the business.
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Mark recently presented on the opportunities and risks in using debt & equity for M&A (mergers & acquisitions) to grow a business. Have a flick through the slides and brief commentary…
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Often the “Declined” conversation is short and uncomfortable - after all most people hate bad news. But these events can be a rich source of information to build a better business & banking relationship…….
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Do you have a good business banker? If they haven’t asked you these 10 questions, chances are you don’t have the right support on your finance team…
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As I write this now, I’m thankful for being lucky enough to be sitting in a warm and comfortable hotel room in Adelaide, injury free and off the saddle, as I think about what has just been a week of highs & lows on the Smiling for Smiddy charity fundraising ride in South Australia.
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“Are we there yet?”. This old chestnut from the kids in the backseat is increasingly heard from the mouths of Bank customers as they seek to navigate the paths to finance approval. This week we explain a little of why it’s taking so long to get finance & also why the finance you do get approved is likely for a shorter term…..
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The Royal Commission handed down plenty of recommendations, many of which hit the headlines. But one that didn’t, relates to “small business” lending - which isn’t so small, and poses the risk of further credit tightening for businesses that nobody would call “small”.
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With sales now taking longer to lock in and settle, property developers often have unsold stock when construction has completed, which can leave them either being unable to payout the construction debt, or having equity tied up that is needed for the next project. This is often a problem because equity and profits naturally lie in the last units/lots.
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Ponder this thought for a moment:
How often does a client hand you a detailed scope of required services, clearly defining exactly what it is that they want you to consider/analyse/produce/etc.?
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Loyalty used to truly mean something in banking. Aside from questioning whether the loyalty is returned, being loyal to just one bank can actually be a dangerous game to play.
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STAC recently had quite an impressive achievement with a property development funding approval that, to be frank, we expect that many people may not believe - because the allowance for FIRB buyers would have been a good deal even in the best of times, let alone the current funding environment.
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We’ve been discussing the increasing risk of a recession being triggered as a result of continuing tightening of availability of debt funding from Banks to SMEs, for quite a while now (probably about a year or so). These concerns are now really coming out in the public sphere, so now might be the time to start making public comment. The questions we expect people have now, is exactly what we’ve been discussing with people for most of 2018, being - (1) What are we seeing on the ground, (2) Why is it happening and, (3) What will the result be?
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Everyone comes up with personal New Year’s Resolutions, but who achieves them. Instead of empty goals, this year I stopped to reflect, to decide what I’m going to focus on in 2019 and why.
Key takeouts are to stop saying “I’m so busy”, be Healthy (less alcohol, more exercise, better food), Wealthy (continue building a purposeful business) and Wise (reading, meditating, friends & family). Also can’t forget to put efforts into a greater cause (fighting cancer).
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Do you have the confidence to buy at auction? Thanks to the Royal Commission, the process and timeframes to get a home loan approved is causing problems in the market. But if you're prepared in advance to bid, then OPPORTUNITY ABOUNDS! Martin Millard & Brendan Whipps from Harcourts Solutions Group tell us what they're seeing in the real estate market - and why getting your finance approved BEFORE going to auction is so critical.
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2018 saw some pretty reasonable changes in the economy… What do we see for businesses and property in the Australian Economy for 2019?
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