As a broker, we have seen it all.  So, let’s open your eyes up to some things which you probably know but may not have thought about too deeply.  (I mean, when it comes to borrowing, it can be hard to get enthusiastic).  Whilst we love the big banks when they offer our customers the … Continued

  1. All borrowers’ circumstances are not the same In today’s fluid world, nearly all borrowers have different histories of work, credit experience, income, households, expenses – and the list goes on. For this reason, the advertised ‘low rates’ being advertised by a lender might only apply to a small percentage of the borrower market: … Continued

What is private lending, who are these lenders and who are their clients? Adapted from an article written in The Adviser https://www.theadviser.com.au/lender/42889-breaking-the-mould    But first, some background Private lenders…. The term might conjure up all sorts of images!  In an industry which has historically been dominated by the Big 4 banks, there is increasing pressure … Continued

Author: Michael Royal, Finance Specialist, BIR Solutions www.bir.net.au March 2022   How do you turn a large fortune into a small fortune? Get a reno! 🤣🤣🤣 So, you have run out of space or you just need to spruce things up.  You have a chat with your architect and you see the estimated cost and … Continued

  This is a great time to be a property investor, with the national vacancy rate falling to a 16-year low. SQM Research has reported that the vacancy rate (the share of untenanted rental properties) in January was a very low 1.3%, down from a moderate 2.0% the year before. Melbourne, Sydney, and Brisbane, which … Continued

Getting a loan for your next property purchase or refinance is already a big enough issue, without the hassle of a poor credit report. Whilst there are lenders who will lend without referencing a credit report, and there are lenders who will lend to you even if you have a low credit score, the reality … Continued

Less than 1 percent of investors ever succeed in building a substantial property portfolio. Here are 17 truths to help you avoid becoming a statistic. Today, I’m not holding back. I’m going to tell you some brutal truths about property investing. You’ll learn some of the things that can go wrong, you’ll learn about the … Continued

  Author: Michael Royal, BIR Solutions Disclaimer: as per website www.bir.net.au Contact: M: 0411 190 474 E: michael.royal@bir.net.au   You only had one job! I love that line – Oceans 11, I recall. Well, once you have obtained a loan from a lender and they have given you their money, you only have 1 job … Continued

Background James Spenceley co-founded wholesale telecommunications provider Vocus in 2007, and since then the company has exceeded his expectations, turning over profit every year, with 2008-09 revenue of $5.2 million. The company was listed on last year s SmartCompany Start Up Awards. But the biggest improvement occurred only this year, when investment firm Investec bought … Continued

Let’s face it, getting a loan from a financier is not fun.  No-one goes out of their way just to get a loan.  Instead, we would all much rather focus on our dreams and our goals. Finance is just the means to achieve our dreams and goals. Plus, getting a loan is time consuming and … Continued

Robert Full’s TED video shows amazing close-ups of nature’s feet – that in itself is pretty inspiring for you to take a creative look at your business and your business strategies. But this video really shines when you look closely: you will see that what you see is not all that is there. In fact, … Continued

Did you know….. Over 55% of home and investment property loans are completed using a broker (Dec 2019 Qtr per The Advisor) rather than the customer negotiating directly with a financier?  But….. This percentage slips to around 25% of businesses who use a broker for arranging their business finance (and anecdotally, a lot of this … Continued

We all know assets are good and liabilities are bad, right? So when it comes to assets, the more the merrier would seem to be a logical conclusion to reach. Think bigger better car, a bigger better office, a bigger better inventory racking system. Well, like most things which are good for us, too much … Continued

Importance and ranking of Price, Quality and Service As with most things we purchase, we are governed by the three aspects of Price, Quality and Service – or the PQS Matrix as we have called it. As with most things we purchase, when you talk to people about borrowing money, their top of mind consideration … Continued

Where we are now Over 6 in 10 home loan borrowers now use a broker (but only 2 out of 10 businesses – and this will change rapidly now that businesses are getting access to a lot of borrowing options which were not previously available to them). And, a recent survey showed that 1 in … Continued

Reprint of an article in www.smartcompany.com.au  July 2010 by Patrick Stafford Whilst not a recent article, it nicely explains a lot of the issues expanding business face. Background James Spenceley co-founded wholesale telecommunications provider Vocus in 2007, and since then the  company has exceeded his expectations, turning over profit every year, with 2008-09 revenue of … Continued

In other articles, we have shown that brokers now process more loans than the Big 4 Banks – about 6 out of 10 borrowers now use a broker and 1 in 4 borrowers who are with a Big 4 Bank are looking to change. When shopping for a loan, here are 6 common issues borrowers … Continued

Are you a winner in this year’s budget? The 2021-22 budget has now been released. There’s a lot of talk and I want to help break down the key initiatives targeting home ownership which could help you get into the property market sooner.   Family Home Guarantee  This is a newly created government scheme that … Continued