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Friday, 16-Aug-2013 07:40 Email | Share | | Bookmark
Why SMSF loan for property acquisitions?

You can avail self managed super fund (SMSF) loans to buy investment properties and enjoy quick returns. All it requires is a smart property investment strategy. Whether you want to effectively turbo-charge your overall retirement savings or you wish to make your super fund a healthy source of income in near future, you might as well work on a property investment strategy backed by various SMSF loan packages. Read on to know why SMSF loans for property acquisitions have been so popular with Australian residents: 1. It doesnt matter if you dont have an SMSF already. You can set it up now and apply for SMSF loans right after that. 2. <br>For the original version including any supplementary images or video, visit

62 percent of Australian small business debt is now overdue.

Keep up with (and make sense of) business technology trends and tools available today and tomorrow. Grow fast, beat the competition, and take off with actionable advice and personal stories from serial entrepreneurs, experts, and others who have done it before. We vet new gadgets and offerings to make it easier for you to run your business better. How to raise capital, set budgets, price products, account properly, and map out an exit strategy. An inside look at how Inc. 500|5000 companies scale their businesses. Everything you need to know about hiring, team building, and company culture to take your business to the next level. <br>For the original version including any supplementary images or video, visit

New Rules of Getting a Small Business Loan

Thursday 06 June 2013 Article by Kevin Boyle Small businesses in Australia are now overdue on around 62 percent of their combined $10.4 billion debts but the liability is not equal between states, reports the News Limited Network. Theaveragesmallbusiness now owes around $18,624 according to the findings of new research by the Commonwealth Bank. And although 62percentof Australian small business debt is now overdue, it varies significantly state-to-state. Around 78percentof the $4.4 billion small business debt in New South Wales is now overdue compared to just 22 percent of Western Australia's $236 million debt. While the success of the mining economy passing onto businesses within the state was a proposition for the variance, the 66percentoutstanding of Queenslands $1.9 billion debt would make this imprecise. Interestingly, of the 761 small businesses surveyed that were earning less than $2 million, around 57 percent of them agreed that making late payments is standard practice, while 29 percent admitted withholding payments for the benefit of their own cash holdings. But this doesn't just impact their business said Commonwealth Bank manager of local business, Adam Bennet. "When they are paying late it creates a domino effect so they are more likely to pay their own suppliers late." Mr Bennet also urged that businesses finding themselves in a difficult position should seek assistance early, whether from a business coach, bank or else where. Business owners looking for the best business banking products for their companies finances can compare business banking accounts, savings accounts, loans and credits cards on Mozo . <br>For the original version including any supplementary images or video, visit

Monday, 12-Aug-2013 14:11 Email | Share | | Bookmark
Australian Banks Cut Fixed Mortgages Loan Rates in Latest Home-L

NAB raises cost of some business loans

The move prompted the Bank of Melbourne and St George to cut their one- to five-year fixed rates below 5 per cent. "It's a further continuation of injecting more competition into the home loan marketplace, and also a confidence booster given that we've got the lowest cash rate for 53 years," Bank of Melbourne Chief Executive Scott Tanner said in a statement. Must Read Islamic Clerics Say Women Posting Photos on Facebook is Unacceptable Sponsorship Link "We believe this new offer will help bolster confidence among home buyers, existing owners banking no doc loans for business Adelaide elsewhere looking to switch to a better deal and investment buyers," Westpac Retail Banking General Manager Gai McGrath said in a statement. The new round of rate cuts is possible because of lower funding costs for banks and strong profit growth. Kirsty Lamont of comparison Web site Mozo said the situation provides a dilemma for borrowers if they should lock now or hold back and wait for more rate cuts. Ms Lamont said the lowest fixed one-year rate is that of the Greater Building Society at 4.74 per cent. Due to the changing lending conditions such as out-of-cycle rate cuts independent of RBA decisions, fixed home loans finances through RateCIty reached 18.45 per cent, the highest proportion in five years. In Westpac, take-up levels for fixed home loans doubled from 8 per cent to between 15 and 20 per cent when it cut its two-year rate to 4.99 per cent in February 2013. At St George, fixed-rate loans went up to 30 per cent from 10 per cent when the bank cut its mortgage rate. But in the case of the National Australia Bank, its offer of the lowest interest rates among the Big 4 failed to boost the lender's satisfaction rating among its clients. <br>For the original version including any supplementary images or video, visit

ANZ targets new small businesses with $1bn in loans

NAB will increase the liquidity margin that applies on some of its business loans by 20 basis points, from July 30. The bank says the liquidity margin only applies to some market-linked loans that are targeted primarily at mid to large businesses which want to access funding for short periods. NAB says the vast bulk of its small business customers will not be affected by the increase, because they generally use variable rate loans. In an indication the spectre of independent rate rises by the banking sector more broadly has not gone away, NAB says the liquidity margin increase has been driven by rising funding costs. The bank says the interest rate on term deposits is at an all time high relative to the Reserve Bank's cash rate, and that its wholesale funding costs also remain high. NAB's group executive business banking Joseph Healy says the bank wants to keep customers informed about the funding pressures. <br>For the original version including any supplementary images or video, visit

Australia Home-Loan Approvals Gain in November on Rate Cut

Reserve Bank of Australia Governor Glenn Stevens lowered the benchmark rate by a quarter percentage point on Nov. 1 and Dec. 6 as Europes debt crisis dimmed prospects for global growth. The first rate cuts since 2009 were aimed at buttressing the housing market, supporting employment and boosting confidence among consumers who are saving more. Mortgage rates in Australia are quite low and the RBAs 50 basis-point rate cut should offer further support to loan growth over coming months, Adam Carr, a senior economist in Sydney at ICAP Australia Ltd., a unit of the worlds biggest interdealer broker, said before todays report. The nations four largest banks -- Commonwealth Bank of Australia, Australia & New Zealand Banking Group Ltd., Westpac Banking Corp. <br>For the original version including any supplementary images or video, visit

Access to finance remains a key business challenge for small businesses, which contribute about 20 per cent of Australias GDP and are together responsible for almost half of the countrys private sector employment. About 32 per cent of small businesses responding to a CPA Australia survey last year said finance was easy to find, down from 36 per cent the previous year. This put Australian businesses ahead of their Hong Kong counterparts (22 per cent) but behind New Zealand small businesses (42 per cent). ANZs general manager of small business, Nick Reade, said the commitment was aimed at easing cash flow for new starters. End of sidebar. Return to start of sidebar. We know the first few years of funning a small business can be challenging so today we are pledging to lend $1 billion over the next year to help Australians realise their business dreams, he said. <br>For the original version including any supplementary images or video, visit

Saturday, 10-Aug-2013 05:55 Email | Share | | Bookmark
7 things you should know about low doc loans

Low-doc loans a risky business

6. Lucrative proposal Usually as seen the world over, low documentation loans cover up to 80% or more than three quarters of the residential property in case the candidate intends to acquire one for investment purpose in the days to come. The remaining 20% of the amount has to be infused by the person into the portfolio. This makes the proposal lucrative for the people intending to invest in some property and in need of urgent loans with minimum of paper work involved. 7. Beware of cheats With the boom in the low doc home loan market in recent years, many lenders with dubious credentials have mushroomed the world over and are claiming to provide loans at lower rates than credible institutions. This has resulted in numerous scandals. <br>For the original version including any supplementary images or video, visit

Low taxpayer risk with low-doc loans

The attraction of such mortgages for lenders or brokers is that they come with higher rates and compensation for the loan originator. Low-documentation mortgages were only a small continue fraction of the market in the 1990s, but today they are big business. This year they represent more than 16 percent of all new home loans, according to Inside Mortgage Finance, a Bethesda trade publication. Wall Street rating agency Standard and Poor's says volume jumped by 50 percent from mid-2005 to mid-2006, based on mortgage securities pools it analyzed and rated. Unlike in earlier periods, however, today's low-doc borrowers are much more likely to be people who could, but choose not to, document their income with W-2 forms or pay stubs. According to a comprehensive survey sponsored by Inside Mortgage Finance and conducted by Campbell Communications, 39 percent of all low-doc borrowers this year are salaried wage-earners, the same percentage as self-employed borrowers. Why do they prefer to go the low-doc route? Survey designer Geosegment Systems of Nashua, N.H., asked a representative national sample of 2,140 mortgage brokers active in the limited documentation field this question and came up with some eye-opening answers. While 63 percent of brokers said they knew their self-employed clients had "unreported income" that they wanted to keep off the record, 71 percent said their borrowers' applications were dependent on additional income "from a household member with poor credit." For example, say a married couple earns $10,000 a month, but one spouse had filed for bankruptcy or lost a house in a previous marriage. <br>For the original version including any supplementary images or video, visit >]content

Its name came about because borrowers need fewer documents to apply for a loan. Rather than provide payslips or tax returns, a borrower can simply state what their income is, a process called "self-verification". Low-doc loans are primarily for self-employed people with limited records of their income. But they can also be used by borrowers who have understated their income for tax purposes and wish to declare the correct, higher amount, to their lender. The ATO is conducting a pilot review this year of businesses which use low-doc loans, in an attempt to reconcile their tax records with loan repayments. Already, it has uncovered a smash repairer who just bought a home in a wealthy Sydney suburb and had substantial business assets. While his loan repayments were $70,000 a year, he earned only half that amount, according to his tax return. People like the smash repairer don't concern the Reserve Bank. It is more concerned about borrowers who use low-doc loans to overstate their income and get their hands on more money. In its biannual Financial Stability Review, released this week, the central bank put low-doc lending on its watch list, citing it as a potential threat to the banking system. So why are the major banks taking more interest in what is becoming an increasingly controversial and scrutinised part of the lending market? <br>For the original version including any supplementary images or video, visit

The Lowdown on Low-Doc Loans

"Can't claim it is risk free, but we claim our approach minimises the exposure to taxpayer," Australian Office of Financial Management (AOFM) chief executive Rob Nicholl told a parliamentary committee in Canberra on Friday. Mr Nicholl said the AOFM had no sub-prime loans among the mortgages underpinning the residential mortgage-backed securities (RMBS) in its portfolios. The parliamentary inquiry was examining the Australian banking sector in the aftermath of the global financial crisis. The collapse of the US sub-prime mortgage market in 2007 was the precursor to the global financial crisis. Mr Nicholls said the AOFM`s mortgages with at least 30-day arrears were just 1.1 per cent of its portfolio. He said this was less than that for full document and broader prime loans. The AOFM's investment in RMBS was $11.1 billion as at August 31, with the mortgage pools backing these investments being $25 billion, Mr Nicholls. Of these, less than two per cent, or just over $400 million, were low-documentation loans, a type of loan usually given to people who did not gain approval for mortgages from more traditional sources. Liberal senator David Bushby acknowledged the Labor government was right in boosting the RMBS market following the global financial crisis. Mr Nicholl said the AOFM had "some good stats" following Mr Bushby's comments that the AOFM had made money on RMBS products. <br>For the original version including any supplementary images or video, visit

Saturday, 15-Jun-2013 11:10 Email | Share | | Bookmark
Important Advice You Need About Commercial Real Estate

<br/>Both novice and veteran investors in commercial real estate can find the market complex and stressful. The advice of the following article will guide you through the often confusing and complicated world of commercial real estate, and hopefully see you better prepared for succeeding in it.
<br/>Examine socioeconomic conditions in the neighborhood you're thinking of purchasing commercial real estate in. Pay special attention to the unemployment rate, and the average income level in your property's neighborhood. Commercial property near hospitals or schools have higher property values; these properties are also easier to sell.

<br/>When you lease a commercial site it is very important to that pest control is kept up-to-date. Talk about pest control with your agent if the area is known for rodents and bugs.
<br/>If you have to choose between two different properties, consider the benefits of opting for the larger amount of space. Getting enough financing is a huge undertaking, no matter if you get a ten-unit complex or a larger twenty-unit one. This just reflects the general advantage of buying anything in bulk; when you buy a property with more units, you get a lower average price for each one.
<br/>When you are choosing real estate brokers, you should find out the brokers' experience level in commercial real estate. Make sure they have their own expertise in the area of your curiosity or it could be an endeavor wasted. Also, consider entering into an agreement that will be exclusive between you and that broker.
<br/>Learn to understand the commercial real estate metric called Net Operating Income (NOI). Staying in the positive is what you need to do to succeed.
<br/>Double-check that you are seeking a realistic amount of money for your property. There are a number of variables that can affect the realistic value of your property.
<br/>Inspections are necessary before buying any piece of real estate. When arranging an inspection, be sure to check both credentials and reputation before hiring an inspector. There are many non-accredited people who work in such fields as insect removal. This can help you avoid headaches after the sale.
<br/>For a commercial property you plan to rent out, make sure it is a solid construction with a simple design. These types of buildings attract tenants more quickly than other buildings, as prospective tenants know that the building is less likely to have maintenance issues. This type of building also has the advantage of requiring less maintenance, an attractive feature for tenants and owners alike.
<br/>Make sure the property you are interested in has access to utilities. The utilities you will need for your business go beyond electricity; you will also need water, sewer and gas, as well.
<br/>You may have to make some repairs or improvements to your property before you can move in. For example, you might neat to repaint or purchase new furniture. Normally, however, it may be something a little more involved like walls being moved. Get an agreement ahead of time about who will be financially responsible for these improvements, or at least try to have the landlord responsible for part of the cost.
<br/>The search for appropriate commercial properties can stress you out regardless of how much experience you've had in the commercial real estate market. The purpose of this article is to reduce the stress of looking for commercial properties and to make this a pleasant experience.

Friday, 11-Jan-2013 09:59 Email | Share | | Bookmark
Spectacular Home Business Tips That Are Proven To Work

Your home business is suffering and you require some terrific help and you need it quickly. You can not pay for to lose this business and require to do all that you can to enhance it. Usage the insight offered in this post, and you are on the right path to saving all that you can.

Home Business

A good home business tip is to keep in mind to be patient. There are so numerous people that open up a company due to the fact that they desire to make a great deal of rapid money.

If you're opting to go with some kind of associate home business or a third-party supplier of any kinds, make certain that you're constantly picking a reputable brand to promote. Do extensive research on any business you're selecting and always make certain that you're only willing to put effort into something legitimate.

If you plan on selling items from your home business online, you need to make sure to choose a good merchant account. A business account will enable you to accept bank cards repayments both online and offline. A high-grade business account ought to have entirely protected transactions, be able to be incorporated into your shopping cart software, and must place payments to your savings account in a prompt way.

Don't walk into a home business blind! Look locally for various other small company and home business organizations that satisfy in person.

You started a home business because you feel comfy enough with a product or service to set out on your very own. An excellent means to boost your business in the market is to share your competence with others.

Don't go on getaway from your home business till you have sufficient cash to be able to afford it. Entering financial obligation will stress you out, which means you'll have less energy and focus to give to your company. Pitch a tent in a regional campground for a weekend and eat hot pets and corn on the cob if you feel the demand to get away. Anxiety relief is terrific as long as it does not bring you brand-new worry over your funds.

Post an advertisement on Craigslist to get leads for your home business. Numerous thousands if not millions of people crawl the Craigslist classifieds every day looking for neighborhood individuals who provide a quality service. Know more information, read more here. Offer your services and a link to your website, so that individuals can learn more about exactly what you to.

To summarize, your home business is a sinking ship and you need assistance fast. You rely on this for your livelihood and require some skilled assistance on ways to stay afloat. Ideally you could apply the info in this article to your advantage and reverse your bad scenario.

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