A couple wanted to buy an investment property to grow their wealth. But when it came time to arrange finance, they discovered a big problem – an issue with their credit history meant their chances of qualifying for a competitive loan, or even any loan, was in serious doubt. In...
Latest Finance News
Australia’s economic resurgence is underway
Australia’s economy is poised to grow strongly next year as lockdowns end and borders reopen, with the Reserve Bank of Australia predicting a sharp rebound. The RBA, in its most recent quarterly statement on monetary policy, said the recent lockdowns in Melbourne, Sydney and other parts of the country had...
CASE STUDY: NMC helps growing business secure essential overdraft after bank originally says no
From the outside, this wholesale and online product business seemed to be in great shape: sales were growing rapidly and the products were being well received in the market. But the business actually faced a big challenge – it couldn’t get the bank funding needed to fund the working capital...
How to get ahead in a hot property market
The Australian property market is undeniably hot, with housing values increasing by another 1.5% in September, according to CoreLogic. That rise means national values have grown by 17.6% over 2021 alone. And when compared to the same time last year, prices are up by a stunning 20.3% – the fastest annual...
What are the three most important strategies for a financially comfortable retirement?
Nathan Coad, Director of NMC Finance recently wrote an article for Silver Magazine outlining the strategies you should be considered to maximise financial freedom in retirement. The answer is simple: Good advice A clear strategy Start now! Achieving financial security beyond your working years is something we should all be...
Increasing demand for industrial properties
There’s been an increasing demand for logistics and industrial properties – with the market outperforming historic benchmarks, according to global real estate services firm JLL
Australian Property Prices
Australian property prices grew by 1.5% over August, according to CoreLogic.
NAB Commercial Property Survey
There’s a mix of both bad and good news in the latest NAB Commercial Property Survey.On the downside, Victoria’s office vacancy rate has more than doubled to 10.9% in Q2 from the 4% recorded at the end of March last year. The vacancy rate is excepted to ease somewhat over...
Suburbs that are cheaper to buy than rent
Sometimes, when you’re a first home buyer, it’s cheaper to buy than rent. In other words, if you were to buy a property in the suburb where you were currently living, the monthly mortgage repayments would be less than your current monthly rent. NAB has identified a series of Melbourne...
Top 20 real estate suburbs in Australia
Well Home Loans have identified the top 20 suburbs in Australia showing telltale signs that strong price growth is just around the corner in the lender’s quarterly Green Shoots Report (see image). The report identified the suburbs based on the strongest combination of three key factors over the last three...