“Lending for the purchase of a new home slowed rapidly in the last quarter of 2018 and data released shows that the speed of this decline accelerated in January 2019,” said Tim Reardon, HIA’s Chief Economist.
Is your next purchase a vehicle, machine or more equipment for your business?
The recently released September Quarter 2018 Sensis Business Index has revealed SMEs’ ability to access finance is at a five-year low.
FENCiT is pleased to announce that it has entered into a partnership with equipment finance specialists Moody Kiddell & Partners.
It’s good news for SME’s looking to purchase new or second hand equipment.
FENCiT’s finance partner, Moody Kiddell & Partners welcomes the release of Commissioner Hayne’s final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
“SMEs across the country will welcome the announcement by the Prime Minister of the planned extension for the 2019-20 year of instant asset write-off arrangements for Australian SMEs and a raising of the threshold from $20,000 to $25,000,” Innes Willox, Chief Executive of Ai Group, said.
For one Australian business, staying true to basic principles has led to plenty of long-term partnerships.
“The slide in home lending activity in September 2018 has taken the number of loans to owner-occupiers down to the lowest level that we’ve seen since 2013,” said HIA Acting Principal Economist, Geordan Murray.
“The trend of a cooling housing market, which has been evident throughout 2018, continued in the three months to September 2018 with approvals now 6.6 per cent lower than the preceding quarter,” stated Tim Reardon, HIA’s Principal Economist.
